Lemon Tree Hotels : Disclosure of other UPSI/material event
October 28, 2022 at 10:10 am EDT
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October 28, 2022
National Stock Exchange of India Limited
BSE Limited
Exchange Plaza, Bandra Kurla Complex,
Phiroze Jeejeebhoy Towers
Bandra (East)
Dalal Street, Mumbai - 400 001
Mumbai - 400 051
Name of Scrip: LEMONTREE
BSE Scrip Code: 541233
Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Sub: Signing of License Agreement
Dear Sir
With reference to the captioned subject, we would like to inform you that the Company has signed a License Agreement for a 50 room hotel in Haridwar, Uttarakhand under the Company's brand "Lemon Tree Hotel". The hotel is expected to be operational by end of CY 2024.
Carnation Hotels Private Limited, a wholly owned subsidiary and the hotel management arm of the Company will be operating this hotel.
Please find attached herewith the copy of the press release in above regard.
Please take the above intimation on record.
Thanking you,
For Lemon Tree Hotels Limited
Digitally signed by Nikhil Sethi DN: c=IN, o=Personal,
Lemon Tree Hotels Ltd. published this content on 28 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2022 14:09:09 UTC.
Lemon Tree Hotels Limited is an India-based hotel chain company. The Company offers hotel service including accommodation/rooms, dining, bar, banquets, conference, meeting rooms, spa, fitness center, swimming pool, and more. The Companyâs segments include Upscale segment, Upper Mid-Scale segment, Mid-Scale segment, And Economy segment. The Company operates through various brands, including Aurika Hotels and Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels, Keys Prima, Keys Select and Keys Lite. The Company operates approximately 8,382 rooms in 88 hotels across 56 destinations, in India and abroad, under its various brands. The Companyâs hotels are located across India, in metro regions including the NCR, Mumbai, Kolkata, Bengaluru, Hyderabad and Chennai, as well as numerous other tier I and II cities such as Pune, Ahmedabad, Chandigarh, Jaipur, Indore, Aurangabad, Udaipur, Vishakhapatnam, Kochi, Ludhiana, Thiruvananthapuram and Vijayawada.