Lemon Tree Hotels signs properties in Nepal and Vijayawada
Lemon Tree Hotels expands its portfolio with two new signings in Nepal and India. The 120-room property in Siddharthanagar boosts the Nepal count to eight, while the 70-room Keys Select in Vijayawada raises the Andhra Pradesh total to 11.

*this image is generated using AI for illustrative purposes only.
Lemon Tree Hotels has signed license agreements for two new properties, expanding its footprint in Nepal and Andhra Pradesh. On July 29, 2026, the company announced the signing of Lemon Tree Hotel, Siddharthanagar in Nepal, and Keys Select by Lemon Tree Hotels, Vijayawada in India. These additions strengthen the group’s presence in key commercial and pilgrimage markets, adding scale to its established operations. Both properties will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to the National Stock Exchange of India Limited and BSE Limited.
Property Details
The two new signings feature distinct room counts and amenities tailored to their respective locations:
| Property Name | Location | Room Count | Key Amenities |
|---|---|---|---|
| Lemon Tree Hotel, Siddharthanagar | Rupandehi, Nepal | 120 | Restaurant, banquet hall, meeting/conference room, bar lounge, swimming pool, spa, fitness centre |
| Keys Select by Lemon Tree Hotels, Vijayawada | Andhra Pradesh, India | 70 | Restaurant, banquet hall, meeting/conference room, spa, fitness centre |
The Lemon Tree Hotel in Siddharthanagar is strategically located in Rupandehi, benefiting from proximity to Lumbini, a major Buddhist pilgrimage destination, and the India–Nepal border. Bhairahawa Airport is approximately 2 km from the property. The Keys Select hotel in Vijayawada targets the city’s commercial activity, with Vijayawada Railway Station located just 1.5 km away and Vijayawada Airport approximately 19 km from the site.
Portfolio Expansion
These signings mark significant milestones in Lemon Tree Hotels’ regional growth strategy. In Nepal, the Siddharthanagar addition brings the group’s total portfolio to eight properties, comprising five operational hotels and three upcoming properties. This expansion reinforces the company’s international footprint beyond its existing presence in Bhutan.
In Andhra Pradesh, the Vijayawada signing increases the group’s total presence to 11 properties, including six operational hotels and five upcoming ones. Within Vijayawada specifically, the group will now have five properties, consisting of three operational hotels and two in the pipeline. This concentration underscores the company’s confidence in the city as a key commercial and administrative center.
Vishvapreet Singh Cheema, President of Lemon Tree Hotels Ltd., stated that the growth strategy focuses on building scale in markets with sustained opportunity. He noted that the Vijayawada addition reflects confidence in the city’s continued commercial importance, while the Siddharthanagar location benefits from its strategic position near Lumbini and the border. Together, these signings reinforce the commitment to building a well-diversified portfolio across markets with compelling long-term prospects.
Historical Stock Returns for Lemon Tree Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.11% | -1.10% | -3.29% | -10.38% | -27.45% | +176.82% |
How might the geopolitical dynamics between India and Nepal impact the operational stability and tourist footfall for the new Siddharthanagar property?
What is the expected timeline for the completion and launch of the three upcoming properties in Nepal, and how will this affect near-term revenue recognition?
Given the concentration of five properties in Vijayawada, what cannibalization risks exist, and how does management plan to differentiate the value proposition of each hotel in that cluster?


































