Lemon Tree Hotels Executes Operating Agreement for 228-Room Tirupati Property
Lemon Tree Hotels has signed a Hotel Operating Agreement for a new 228-room property in Tirupati, Andhra Pradesh, to be operated as Lemon Tree Suites by its subsidiary Carnation Hotels. The property will feature comprehensive facilities including restaurant, banquet hall, meeting room, swimming pool, and spa, strategically located near Tirupati's major transport hubs and the famous Sri Venkateswara Temple.

*this image is generated using AI for illustrative purposes only.
Lemon Tree Hotels has announced the execution of a Hotel Operating Agreement (HOA) for a new property in Tirupati, Andhra Pradesh. The agreement was signed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited, and marks another significant expansion in the company's pilgrimage destination portfolio.
New Property Details
The upcoming hotel will operate under the brand name "Lemon Tree Suites" and will feature significantly expanded facilities compared to the company's existing Tirupati property. The new development represents a substantial investment in the region's hospitality infrastructure.
| Feature: | Details |
|---|---|
| Total Rooms: | 228 well-appointed rooms and suites |
| Dining: | Restaurant facility |
| Event Spaces: | Banquet hall and meeting room |
| Recreation: | Swimming pool and spa |
| Airport Distance: | 10.00 km from Tirupati International Airport |
| Railway Distance: | 6.30 km from Tirupati Railway Station |
Strategic Location and Market Position
Tirupati, home to the renowned Sri Venkateswara Temple, attracts millions of devotees annually from across the world. The city's location in the Eastern Ghats of Andhra Pradesh offers a unique blend of spiritual significance and natural beauty, making it an attractive destination for both pilgrimage and leisure tourism.
Vilas Pawar, CEO - Managed & Franchise Business at Lemon Tree Hotels, commented on the development: "With this signing, we are pleased to extend our pilgrimage portfolio in a place that holds deep spiritual resonance. Moreover, the vibrant tourism, rich cuisine, and growing hotel infrastructure make Andhra Pradesh a magnet for tourism travellers seeking unforgettable experiences."
Operational Structure
The hotel will be operated by Carnation Hotels Private Limited under the "Lemon Tree Suites" brand, subject to the execution of a license agreement by Lemon Tree Hotels Limited. The license agreement for brand usage will be finalized after receipt of the Occupation/Completion Certificate for the property.
Expanded Presence in Andhra Pradesh
This new agreement strengthens Lemon Tree Hotels' presence in Andhra Pradesh, where the company now has six operational hotels and three upcoming properties, including this latest addition. The state has emerged as a key market for the hospitality chain, driven by growing tourism infrastructure and increasing visitor numbers.
Company Portfolio Overview
Lemon Tree Hotels Limited operates over 120 hotels across more than 80 cities in India and internationally, with a pipeline of over 120 upcoming properties. The company's multi-brand strategy includes Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select, and Keys Lite, catering to diverse market segments from value-conscious travelers to premium business and leisure guests.
Historical Stock Returns for Lemon Tree Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.34% | +0.62% | -8.24% | -2.55% | +9.40% | +263.23% |















































