Lemon Tree Hotels Limited has announced the signing of a license agreement for a new resort in Lonavala, Maharashtra, marking another strategic expansion in the company's leisure portfolio. The disclosure was made on March 19, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resort Details and Amenities

The new Lemon Tree Resort in Lonavala will offer comprehensive hospitality services with premium amenities designed for leisure travelers.

Strategic Location and Connectivity

Lonavala, situated in the Sahyadri hills, represents one of Western India's most sought-after leisure destinations. The location offers significant advantages for the hospitality business, known for its scenic landscapes, pleasant climate, and strategic proximity to major metropolitan areas including Mumbai and Pune.

The resort's connectivity profile enhances its appeal to travelers:

• Airport Access: Approximately 69 km from Navi Mumbai International Airport (around 1 hour 17 minutes by road)
• Railway Connectivity: About 5.8 km from Lonavala Railway Station (approximately 15 minutes)

Market Positioning and Business Rationale

According to Mr. Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, the Lonavala location aligns with the company's strategic focus on expanding resort portfolio in key getaway destinations. The destination attracts diverse customer segments including weekend travelers, destination weddings, and corporate offsites, creating multiple revenue streams for the property.

Maharashtra Expansion Strategy

This signing reinforces Lemon Tree Hotels' commitment to Maharashtra's hospitality market. The company's current footprint in the state includes:

Management Structure

The resort will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. This management structure ensures operational consistency and brand standards alignment across the company's portfolio.

The addition reflects Lemon Tree Hotels' continued focus on strengthening its presence across prominent leisure destinations while complementing its established footprint in key urban centers. The company operates 120+ hotels across 80+ cities in India and abroad, with a growing pipeline of 130+ upcoming properties spanning seven distinct brands from value-conscious to premium segments.

Lemon Tree Hotels Limited announced the signing of a new hotel property in Gorakhpur, Uttar Pradesh, further expanding its footprint in one of Eastern Uttar Pradesh's key commercial and transit hubs. The announcement was made through a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Hotel Details and Amenities

The upcoming Lemon Tree Hotel, Gorakhpur will feature comprehensive hospitality infrastructure designed to cater to both business and leisure travelers. The property specifications include:

Strategic Location and Connectivity

The hotel enjoys strategic positioning in Gorakhpur, ensuring convenient access for travelers. The property is located approximately 14 kms from Gorakhpur Airport and about 8.5 kms from Gorakhpur Railway Station, providing seamless connectivity for guests.

Gorakhpur serves as an important regional center in Eastern Uttar Pradesh, known for its cultural significance, commercial activity and strong connectivity to neighboring states and the Indo-Nepal border. The city functions as a major transit point for travelers visiting prominent religious and tourism destinations in the region.

Expansion in Uttar Pradesh

This signing significantly strengthens Lemon Tree Hotels' presence across Uttar Pradesh. With this addition, the company now operates 26 hotels in the state:

The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, ensuring consistent service standards and operational excellence.

Management Commentary

Mr. Vilas Pawar, CEO – Managed & Franchise Business, Lemon Tree Hotels, commented on the strategic importance of the signing: "Gorakhpur is an important gateway city in Eastern Uttar Pradesh with increasing economic and travel activity. This signing aligns with our strategy of expanding into high-potential regional centers where we see sustained demand for branded hospitality."

The expansion reflects the company's continued focus on emerging urban and transit destinations across the country, targeting markets with growing demand for quality hospitality infrastructure.