Lemon Tree Hotels Latest Updates

New Property Launches & Signings Expansion in Gujarat: On March 26, 2026, the company launched Keys Select by Lemon Tree Hotels in Vadodara. This is their 11th property in Gujarat and their third in Vadodara. The hotel features 42 rooms, a restaurant, and banquet facilities. Leisure Portfolio Growth: Lemon Tree recently signed a license agreement for a new 50-room resort in Lonavala, Maharashtra. Managed by its subsidiary, Carnation Hotels, the resort will include a spa, swimming pool, and fitness center, targeting the weekend getaway market from Mumbai and Pune. Regional Footprint: In March 2026 alone, the company has signed several new agreements, including a 76-room hotel in Gorakhpur (UP), a 49-room property in Barog (Himachal Pradesh), and a 63-room hotel in Rajendranagar, Hyderabad. Corporate Strategy & Regulatory News Major Demerger Plan: The company is moving forward with a strategic demerger to separate its owned assets from its management business. Post-demerger (expected by FY27), the core Lemon Tree entity aims to be debt-free and asset-light, focusing purely on brand ownership and hotel management. Board Changes: Independent Director Ms. Freyan Jamshed Desai resigned from the board effective March 20, 2026, citing health reasons. Trading Window Closure: In compliance with SEBI regulations, the exchange was notified on March 26, 2026, that the trading window for designated persons will be closed from April 1, 2026, until 48 hours after the declaration of the full-year financial results for FY26.