Lemon Tree Hotels Signs Franchise Agreement for Keys Prima in Karnal, Haryana

2 min read     Updated on 19 May 2026, 04:31 AM
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AI Summary

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.

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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 Day5 Days1 Month6 Months1 Year5 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?

Lemon Tree Hotels Signs License Agreement for New Property in Bhubaneswar, Odisha

2 min read     Updated on 16 May 2026, 01:19 AM
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Lemon Tree Hotels Limited signed a License Agreement for Lemon Tree Hotel, Satya Nagar, Bhubaneswar on May 15, 2026, marking its third property in the city. The hotel, managed by wholly-owned subsidiary Carnation Hotels Private Limited, will feature 50 rooms along with a restaurant, banquet hall, meeting room, swimming pool, spa, and fitness center. Located approximately 5.4 km from Biju Patnaik International Airport and around 3.2 km from Bhubaneswar Railway Station, the property is positioned to serve diversified travel demand. The signing follows the launch of the company's second operational hotel in Bhubaneswar, further deepening its presence in Odisha.

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Lemon Tree Hotels Limited has signed a License Agreement for Lemon Tree Hotel, Satya Nagar, Bhubaneswar in Odisha, as disclosed on May 15, 2026 under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. This signing marks the company's third property in Bhubaneswar, coming immediately after the launch of its second operational hotel in the city.

New Property at a Glance

The upcoming hotel is strategically located within Bhubaneswar, offering proximity to key transit hubs and catering to diversified year-round travel demand. The key details of the property are outlined below:

Parameter: Details
Property Name: Lemon Tree Hotel, Satya Nagar, Bhubaneswar
Management: Carnation Hotels Private Limited
Number of Rooms: 50
Distance from Airport: Approximately 5.4 km from Biju Patnaik International Airport
Distance from Railway Station: Around 3.2 km from Bhubaneswar Railway Station

The property will offer guests a comprehensive hospitality experience with the following amenities:

  • Restaurant
  • Banquet hall
  • Meeting room
  • Swimming pool
  • Spa and fitness center

Expanding Footprint in Odisha

Bhubaneswar is described as one of Eastern India's fastest-evolving urban centers, witnessing sustained growth across administration, healthcare, education, infrastructure, and business sectors, while also serving as a key cultural and spiritual destination. The city's expanding connectivity and diversified travel demand continue to drive opportunities for organized branded hospitality across segments.

Commenting on the signing, Mr. Vishvapreet Cheema, President, Lemon Tree Hotels Ltd., said: "Bhubaneswar is rapidly emerging as a high-potential hospitality market, driven by expanding infrastructure and year-round travel demand. The signing of this hotel, immediately following the opening of our second operational property in the city, underscores our confidence in Bhubaneswar's long-term growth potential. It also aligns with our continued focus on expanding across high-opportunity urban markets."

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 — catering to segments ranging 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 growing pipeline of 130+ upcoming properties. Its portfolio spans metro hubs such as Delhi-NCR, Mumbai, Bengaluru, and Hyderabad, as well as tier II and III cities including Jaipur, Udaipur, Kochi, and Indore, with an international presence in Dubai, Bhutan, and Nepal. Since opening its first 49-room hotel in 2004, the group has grown to 250+ properties (operational and upcoming).

Historical Stock Returns for Lemon Tree Hotels

1 Day5 Days1 Month6 Months1 Year5 Years
+1.14%+0.71%-6.80%-26.30%-17.10%+180.82%

How will Lemon Tree Hotels' three-property concentration in Bhubaneswar affect its competitive positioning against other branded hotel chains expanding in Eastern India?

What is the expected timeline for the Satya Nagar property to become operational, and how might it contribute to Lemon Tree's revenue growth in FY2027?

Given Bhubaneswar's growth as a hospitality market, are there plans to introduce higher-tier Lemon Tree brands like Aurika or Lemon Tree Premier in the city?

More News on Lemon Tree Hotels

1 Year Returns:-17.10%