Lemon Tree Hotels has signed two new license agreements to expand its portfolio in Nepal and Andhra Pradesh. The company announced the signing of Lemon Tree Hotel, Siddharthanagar in Nepal, and Keys Select by Lemon Tree Hotels, Vijayawada in India on July 29, 2026. 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. The filing confirms that Carnation Hotels Private Limited will manage both assets, ensuring operational consistency across the group’s expanding network.

Property Details

The two new signings feature distinct room counts and amenities tailored to their respective locations:

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.

Lemon Tree Hotels Limited has signed a license agreement for a new midscale property under the Keys Select by Lemon Tree Hotels brand, located in Panthpiplai, Ujjain, Madhya Pradesh. The signing expands the group's total portfolio in Madhya Pradesh to 15 properties, comprising three operational hotels and 12 upcoming properties. The property 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 on July 28, 2026.

Property Overview

The upcoming hotel is a full-service midscale property designed to serve travelers seeking convenient access between Indore and Ujjain. The facility will feature 51 well-appointed rooms along with a comprehensive suite of amenities. Key details of the property are outlined below:

Strategic Location and Connectivity

The property is situated directly on the Indore-Ujjain Road, leveraging the economic strength of Indore — the state's commercial capital — and the appeal of Ujjain as a prominent spiritual destination. The location offers efficient road connectivity to major regional transport hubs. Devi Ahilyabai Holkar Airport in Indore is approximately 41 km from the property, while Ujjain Junction Railway Station is 18.5 km away. The expansion targets demand from both Indore's commercial sector and Ujjain's spiritual tourism market.

Management Commentary

Vishvapreet Singh Cheema, President of Lemon Tree Hotels Ltd., highlighted the investment potential in Ujjain's infrastructure and tourism sectors. He noted that the proximity to Indore, a major commercial and industrial center, further strengthens the location's potential. Cheema stated that Keys Select is well-suited to this market, offering dependable and contemporary stays at the right value. He also pointed to Simhastha 2028 as a factor elevating Ujjain's profile, citing strong potential for the hotel and the market in the years ahead due to continued infrastructure development.

Portfolio Expansion Strategy

The signing marks Lemon Tree Hotels' continued penetration into tier-II and tier-III cities, specifically targeting high-traffic corridors between major urban centers and pilgrimage sites. By expanding its Madhya Pradesh portfolio to 15 properties, the company is diversifying its revenue streams beyond metro hubs. The focus on the Keys Select brand reflects a strategy to capture value-conscious business and leisure travelers in emerging markets with high connectivity but limited premium hospitality supply.