NSEPress Release18 Jun 2026 · 18 Jun 2026, 10:11 pm
Press Release
Lemon Tree Hotels Limited · LEMONTREE
✦ AI Summary▲ PositiveExpansion
Lemon Tree Hotels Limited has signed two new License Agreements for Lemon Tree Resort, Tadgaon and Lemon Tree Resort, Igatpuri, both located in Maharashtra. The properties will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. The resorts will feature well-appointed rooms, restaurants, banquet halls, meeting/conference rooms, swimming pools, spas, and fitness centers.
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Full Announcement
Lemon Tree Hotels Limited has informed the Exchange regarding a press release dated Jun 18, 2026, titled "The Company has signed two License Agreements viz. Lemon Tree Resort, Tadgaon and Lemon Tree Resort, Igatpuri, both located in the State of Maharashtra".
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June 18, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers
Bandra (East) Dalal Street,
Mumbai – 400 051 Mumbai – 400 001
Name of Scrip: LEMONTREE BSE Scrip Code: 541233
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Ref: Press Release
Dear Sir/ Madam,
We would like to inform you that the Company has signed two License
Agreements viz. Lemon Tree Resort, Tadgaon and Lemon Tree Resort,
Igatpuri, both located in the State of Maharashtra. Both the properties
shall be managed by Carnation Hotels Private Limited, a wholly-owned
subsidiary of Lemon Tree Hotels Limited.
Lemon Tree Resort, Tadgaon will feature 110 well-appointed rooms, a
restaurant, banquet hall, meeting/conference room, swimming pool, spa, and a
fitness center.
Lemon Tree Resort, Igatpuri will feature 90 well-appointed rooms, a
restaurant, banquet hall, meeting/conference room, swimming pool, spa, and a
fitness center.
Please find attached herewith the copy of the press release in this regard.
You are requested to take the above information in your record.
Thanking You
For Lemon Tree Hotels Limited
Pawan Kumar Kumawat
Company Secretary
& Compliance Officer
M. No: A25377
Encl. as above
Lemon Tree Hotels Limited
CIN No. L74899HR1992PLC140546
Reg. Office: Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011
Corporate Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037
T +91 124 714 2310 | E hi@lemontreehotels.com
Central Reservation: +91 9911 701 701| www.lemontreehotels.com
LEMON TREE HOTELS SIGNS TWO NEW RESORTS IN TADGAON
AND IGATPURI
Adds 200 keys to its pipeline and strengthening its network to 32 properties
across the State
New Delhi (June 18th, 2026): Lemon Tree Hotels Limited, one of India’s leading
hospitality Company, announces the simultaneous signing of two new properties
in Maharashtra: Lemon Tree Resort, Tadgaon and Lemon Tree Resort, Igatpuri.
With these additions, the Company will have 32 properties in the State with 15
operational and 17 in pipeline, including the two new signings.
Both the properties will be managed by Carnation Hotels Private Limited, a wholly
owned subsidiary of Lemon Tree Hotels Limited.
This double signing underscores the group's focus on high-potential micro-markets
that are rapidly emerging as preferred drive-to locations for leisure and corporate
travel from major urban hubs like Mumbai, Navi Mumbai, Thane, and Pune.
Lemon Tree Resort, Tadgaon will feature 110 well-appointed rooms,
thoughtfully designed to offer a comfortable and refreshing stay experience. It will
feature a restaurant, banquet hall, meeting/conference room, swimming pool, spa
and fitness centre, making it an ideal destination for both leisure and events-led
travel. The property enjoys excellent regional connectivity, located approximately
75 km from Navi Mumbai International Airport and 100 km from Mumbai Central
Railway Station.
Lemon Tree Resort, Igatpuri will offer 90 well-appointed rooms, complemented
by a restaurant, banquet hall, meeting/conference room, and a range of
recreational facilities including a swimming pool, spa, and fitness centre. The
property is located approximately 134 km from Mumbai International Airport and
5.6 km from Igatpuri Railway Station.
Commenting on the signing, Mr. Vishvapreet Singh Cheema, President,
Lemon Tree Hotels Ltd., said, "Our expansion strategy with resorts in Tadgaon
and Igatpuri in Maharashtra is deeply aligned with the evolving dynamics of the
drive-to hospitality sector. Urban travellers and corporate houses are increasingly
prioritizing accessible, high-amenity destinations that don't require complex
logistics. By introducing the Lemon Tree Resort brand to these two distinct,
premium micro-markets, we are uniquely positioned to capture a highly lucrative
mix of weekend leisure, multi-generational travel, and mid-to-high-level corporate
retreats."
The addition of these two properties further consolidates Lemon Tree Hotels’
strong market presence in Western India, strategically expanding its pipeline of
premium regional resorts tailored for modern lifestyle and corporate needs.
About Lemon Tree Hotels Limited
Lemon Tree Hotels Limited (LTHL) is one of India’s leading hospitality companies,
catering to a wide range of customers – from value-conscious travellers to
premium business and leisure seekers. With seven distinct brands – Aurika Hotels
& Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys
Select, and Keys Lite – the group offers experiences across upper upscale, upscale,
upper midscale, midscale, leisure, wildlife, and spiritual segments.
LTHL operates 130+ hotels across 80+ cities in India and abroad, with a growing
pipeline of 130+ upcoming properties. From metro hubs like Delhi-NCR, Mumbai,
Bengaluru, and Hyderabad to tier II & III cities such as Jaipur, Udaipur, Kochi, and
Indore – and with an international presence in Dubai, Bhutan, and Nepal – Lemon
Tree Hotels delivers exceptional comfort, consistent quality, and a warm,
refreshing experience.
Since opening its first 49-room hotel in 2004, the group has grown to 260+
properties (operational and upcoming), becoming a trusted name in hospitality for
both business and leisure travellers.
For more details, visit www.lemontreehotels.com
Media Contact:
Isha Khanna
+919716181670
head_marketing@lemontreehotels.com