Shares of Lemon Tree Hotels Ltd were trading in the green and 1% higher on 16 April after the company announced signing a license agreement for a Keys Select by Lemon Tree Hotels, Mori Bera, Rajasthan.

Lemon Tree Hotels, Mori Bera, Rajasthan, is set to be operational by fiscal year 2027 and and will be managed by its wholly-owned subsidiary, Carnations Hotel. 

Lemon Tree Resort in Mori Bera, Rajasthan, will have 17 luxurious rooms, a restaurant, a bar, a swimming pool, a spa, Jacuzzis, and other public amenities. The Udaipur Airport is roughly 150 kilometres from the property, whereas Mori Bera train station is around 2.7 kilometres. The resort is also well connected by road, with easy access to public and private transportation.

We are excited to expand our presence in Rajasthan and contribute to our portfolio of ten current and seven planned hotels, said Vilas Pawar, CEO of Lemon Tree Hotels’ Managed & Franchise Business. Furthermore, this transaction broadens our portfolio in the wildlife industry, which has been significantly developing over the years.

Lemon Tree Hotels (LTHL) is a major hotel chain in India that owns, rents, operates, and franchises hotels in the upscale, upper-midscale, midscale, and economy segments. To suit the demands of customers at various levels, the firm provides seven brands: Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels.

However, at 1:52 pm, the shares of Lemon Tree were trading 1.65% lower at Rs 139.90 on NSE.

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