Lemon Tree Hotels signs Franchise Agreement for Keys Lite in Manali
Lemon Tree Hotels has signed a franchise agreement for Keys Lite by Lemon Tree Hotels in Manali. This addition will bring the group's portfolio in Himachal Pradesh to 11 hotels. The property will feature 24 rooms and cater to leisure travelers.
The signing of a new franchise agreement for a hotel in a popular tourist destination is a positive step that contributes to the company's overall growth and market presence, but it does not represent a material financial event.
The announcement details the expansion of the company's hotel portfolio through a new franchise agreement, which is a positive development for business growth.
Lemon Tree Hotels Limited has announced the signing of a franchise agreement for a new property, Keys Lite by Lemon Tree Hotels, Manali. This marks the entry of the Keys Lite brand into Manali, a popular leisure destination in North India. The hotel will feature 24 well-appointed rooms, a restaurant, lounge, and fitness center.
This signing strengthens the group's presence in Himachal Pradesh, bringing its portfolio in the state to 11 hotels, comprising four operational and seven upcoming properties. Mr. Vishvapreet Singh Cheema, President of Lemon Tree Hotels Ltd., stated that Manali is a sought-after holiday destination and the Keys Lite brand's value-led proposition is well-suited to meet the diverse needs of travelers. The property will offer convenient connectivity to Bhuntar Airport (Kullu-Manali) approximately 56 km away, and Kiratpur Railway Station approximately 200 km away.
Lemon Tree Hotels Limited operates over 130 hotels across more than 80 cities in India and abroad, with a pipeline of over 140 upcoming properties. The company has seven distinct brands catering to various segments of the hospitality market.
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Lemon Tree Hotels Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Lemon Tree Hotels Limited. Read the original for the full detail.