Lemon Tree Hotels Limited has disclosed the termination of a Master Service Agreement (MSA) by its material subsidiary, Berggruen Hotels Private Limited (BHPL), under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to both the National Stock Exchange of India Limited and BSE Limited on May 06, 2026.

Termination of Master Service Agreement

BHPL terminated the MSA that was originally executed on May 23, 2010, with the following counterparties:

The agreement pertained to the hotel operated under the brand name "Keys Select Hotel Nestor by Lemon Tree". According to the disclosure, the termination was initiated by BHPL due to non-payment of outstanding Management Fee and deposit amount as required under the terms of the MSA.

Financial Impact

Lemon Tree Hotels has clarified that there is no significant financial impact on the company arising from the termination of the aforesaid agreements. The disclosure was signed by Pawan Kumar Kumawat, Company Secretary & Compliance Officer (M. No: A25377), on May 06, 2026.

About the Disclosure

The regulatory filing was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was addressed to both major Indian stock exchanges. Lemon Tree Hotels is registered under CIN No. L74899HR1992PLC140546, with its registered office located at Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011.

Lemon Tree Hotels has announced a new property signing in Ahilyanagar, Maharashtra, marking a notable milestone in the company's regional expansion strategy. This addition brings the brand's total count to 30 properties in Maharashtra, reinforcing its standing as a leading hospitality player in the state.

Expanding Footprint in Maharashtra

The latest signing in Ahilyanagar represents a continued commitment by Lemon Tree Hotels to deepen its presence across Maharashtra. The move highlights the brand's strategic focus on India's emerging destinations, positioning it to cater to the growing hospitality demand in regions beyond established metro markets.

Leadership in Emerging Destinations

With this signing, Lemon Tree Hotels consolidates its leadership in Maharashtra's hospitality landscape. The company's consistent expansion into emerging destinations across India reflects its broader portfolio growth strategy, with Maharashtra now standing as a key pillar of its national presence.

The Ahilyanagar signing adds to a growing list of properties that the brand has established in the state, demonstrating a sustained effort to serve both business and leisure travellers in markets that are gaining increasing prominence on India's hospitality map.