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:

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).

Lemon Tree Hotels Limited has announced the opening of Keys Select by Lemon Tree Hotels, Chirang, marking the group's first hotel in Assam and its latest expansion across Northeast India. The property is managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited. The announcement was made on May 15, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Location on the Chirang–Bongaigaon Corridor

The hotel is situated on NH-31C, strategically positioned along the Chirang–Bongaigaon corridor—a region emerging as an important commercial and transit hub. The corridor is driven by industrial activity, including the Indian Oil Refinery, and serves as a gateway for cross-border trade with Bhutan. The property is located approximately 5 km from New Bongaigaon Railway Station and around 188 km from Lokpriya Gopinath Bordoloi International Airport, making it a convenient base for business, transit, and leisure travellers. Nearby attractions include Manas National Park and the Indo-Bhutan border.

Property Highlights

The following table summarises the key features of the newly opened property:

Leadership Commentary

Commenting on the opening, Mr. Neelendra Singh, Managing Director, Lemon Tree Hotels Ltd., said, "We are delighted to make our debut in Assam with Keys Select by Lemon Tree Hotels, Chirang. With our KEYS brand, we introduce to the region, a hospitality experience that our guests throughout India have come to trust. Across every city where Keys Select is present, we have delivered hospitality that is elegant, quality-driven, and accessible without compromise. This opening reflects our continued commitment to bring the same standard of hospitality to Assam, and we look forward to deepening our presence across the region."

Expanding Footprint Across India

Lemon Tree Hotels operates 130+ hotels across 80+ cities in India and abroad, with a growing pipeline of 130+ upcoming properties. The group's portfolio spans seven distinct brands:

• Aurika Hotels & Resorts
• Lemon Tree Premier
• Lemon Tree Hotels
• Red Fox
• Keys Prima
• Keys Select
• Keys Lite

These brands cover upper upscale, upscale, upper midscale, midscale, leisure, wildlife, and spiritual segments. The group has an international presence in Dubai, Bhutan, and Nepal, in addition to metro hubs such as Delhi-NCR, Mumbai, Bengaluru, and Hyderabad, and Tier-II and Tier-III cities including Jaipur, Udaipur, Kochi, and Indore. Since opening its first 49-room hotel in 2004, the group has grown to 250+ properties (operational and upcoming). The Chirang opening further expands Lemon Tree Hotels' presence in Tier-II and emerging markets, reinforcing the group's continued focus on delivering branded hospitality experiences across India's evolving travel landscape.