Shares of Lemon Tree Hotels Ltd were trading in the green and 3% higher on 8 April after the company announced signing a new licensing agreement for a new property in Darjeeling. 

Lemon Tree Hotels has announced that its upcoming property, Keys Prima by Lemon Tree Hotels, will be operated by Carnation Hotels Private Limited, its wholly-owned subsidiary. The hotel will offer 65 well-appointed rooms, along with a restaurant, meeting room, recreational amenities, and other public areas. It also benefits from excellent road connectivity, providing convenient access via both public and private transport.

Commenting on the expansion, Vilas Pawar, CEO of the managed and franchise business at Lemon Tree Hotels, stated, “We are thrilled to strengthen our presence in West Bengal. This addition aligns with our strategic growth plans in the state, where we currently operate two hotels and have two more in the pipeline.”

This development follows recent signings by the company, including a new property in Bokaro, Jharkhand, scheduled to open in FY2027, and two Keys Lite by Lemon Tree Hotels properties in Madhya Pradesh.

Lemon Tree Hotels is involved in developing, acquiring, renovating, and managing hotels, motels, resorts, and restaurants. The company’s portfolio includes over 210 properties, with more than 110 already operational and over 100 in various stages of development across India and abroad.

At 12:22 pm, the shares of Lemon Tree Hotels were trading 2.32% higher at Rs 136.90 on NSE.

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