Lemon Tree Hotels subsidiary extends hotel development LOA validity to Aug 14, 2027
Lemon Tree Hotels' subsidiary, Fleur Hotels Limited, has had the validity of its Letter of Award for the "Aurika, Nehru Place" hotel extended. The agreement with Delhi Development Authority is now valid until August 14, 2027, an extension of one year from the original August 14, 2026 expiry.
This is an extension of an existing agreement and does not represent a new contract or a significant change in the company's operational or financial status.
The announcement is a routine update regarding the extension of a Letter of Award, with no immediate financial impact or significant change in business outlook.
Lemon Tree Hotels Limited has announced the extension of the validity of a Letter of Award (LOA) received by its material subsidiary, Fleur Hotels Limited (FHL). The LOA, originally granted by the Delhi Development Authority (DDA) for the development and operation of a 5-star hotel named “Aurika, Nehru Place” at a prime land parcel in Nehru Place, New Delhi, was set to expire on August 14, 2026.
Through a mutual agreement between FHL and DDA, the validity of this LOA has been extended by one year. It will now remain valid until August 14, 2027, subject to the fulfillment of necessary compliances by the DDA as stipulated in the LOA and Tender Document. The LOA pertains to the license rights for developing and operating a 5-star hotel on a 2.256-acre land parcel.
This extension is a continuation of the initial disclosure made by Lemon Tree Hotels on August 15, 2025, regarding the receipt of the original LOA. The significant terms and conditions of the LOA remain unchanged, with the commercial consideration involving the development and operation of the hotel on the licensed land. Fleur Hotels Limited accepted the extension letter from DDA on July 23, 2026.
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Lemon Tree Hotels Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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