Lemon Tree Hotels Signs Franchise Agreement for Keys Prima in Karnal, Haryana
Lemon Tree Hotels Limited signed a franchise agreement for Keys Prima by Lemon Tree Hotels, Karnal, Haryana on May 18, 2026, taking its Haryana footprint to 13 hotels (11 operational, two upcoming). The 50-room property is located approximately 127 km from Shaheed Bhagat Singh International Airport and around 4.2 km from Karnal Railway Station, positioned along the Delhi–Chandigarh commercial highway corridor.

*this image is generated using AI for illustrative purposes only.
Lemon Tree Hotels Limited announced the signing of a franchise agreement for Keys Prima by Lemon Tree Hotels, Karnal in Haryana on May 18, 2026. The property will operate under the Lemon Tree Hotels Limited franchise, further strengthening the group's multi-brand presence across North India.
Expanding Footprint in Haryana
With this signing, Lemon Tree Hotels expands its presence in Haryana to 13 hotels, encompassing 11 operational and two upcoming properties. Karnal is described as a rapidly emerging urban centre in the state, supported by infrastructure development, expanding industrial activity, leading educational institutions, and its position along a major highway corridor. The city's evolving economic landscape and rising transit volume continue to drive demand for branded hospitality catering to corporate, social, and transit travellers.
Property Details
The upcoming hotel will offer a range of amenities designed to serve both business and leisure guests. Key details of the property are outlined below:
| Parameter: | Details |
|---|---|
| Brand: | Keys Prima by Lemon Tree Hotels |
| Location: | Karnal, Haryana |
| Number of Rooms: | 50 well-appointed rooms |
| Facilities: | Restaurant, banquet & conference hall, swimming pool, fitness centre |
| Distance from Shaheed Bhagat Singh International Airport, Chandigarh: | Approximately 127 km |
| Distance from Karnal Railway Station: | Around 4.2 km |
Strategic Positioning
Karnal's location along the Delhi–Chandigarh commercial highway corridor was cited as a key factor in the signing. The city sees a steady influx of business, social, and leisure travellers, generating consistent demand for reliable branded accommodation. Commenting on the development, Mr. Neelendra Singh, Managing Director, Lemon Tree Hotels Ltd., said:
"Karnal's strategic positioning along the heavy-traffic Delhi–Chandigarh commercial highway makes it an essential addition to our Haryana portfolio, taking our footprint in the State to 13 hotels. As a key transit and economic hub, Karnal sees a steady influx of business, social, and leisure travellers who actively seek dependable, branded accommodation. This signing allows us to tap into the high-volume demand of the GT Road corridor while steadily building on our multi-brand presence across Haryana's core growth zones."
About Lemon Tree Hotels Limited
Lemon Tree Hotels Limited operates across seven distinct brands — Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select, and Keys Lite — covering segments from upper upscale to midscale, leisure, wildlife, and spiritual hospitality. The group currently operates 130+ hotels across 80+ cities in India and abroad, with a pipeline of 130+ upcoming properties. Since opening its first 49-room hotel in 2004, the group has grown to 250+ properties (operational and upcoming), with an international presence in Dubai, Bhutan, and Nepal.
Historical Stock Returns for Lemon Tree Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.14% | +0.71% | -6.80% | -26.30% | -17.10% | +180.82% |
How might Lemon Tree Hotels' aggressive franchise expansion in Haryana impact occupancy rates and revenue per available room (RevPAR) across its existing 11 operational properties in the state?
With 130+ properties in the pipeline, what financing strategy is Lemon Tree Hotels likely to pursue to sustain its expansion without significantly increasing debt on its balance sheet?
Could Karnal's growing industrial and educational ecosystem attract other competing hotel chains, and how would increased branded hospitality supply affect Lemon Tree's pricing power in the corridor?


































