Lemon tree hotels signs bareilly keys select unit.

(LEMONTREE) has signed a franchise agreement for Keys Select by Lemon Tree Hotels in Bareilly. It is the 26th property in Uttar Pradesh and will feature 52 rooms. The hotel will include a multi-cuisine restaurant, banquet hall and fitness centre. It will operate under the franchise model. This expands the group’s presence in the state with eight operational and 18 upcoming hotels. The key triggers are the 26th property in Uttar Pradesh and the 52-room Keys Select hotel in Bareilly. This supports the asset-light expansion plan. Peers such as Indian Hotels, Chalet Hotels and EIH may face comparison on regional growth. Near-term prices could react mildly to the signing. Risks include delays in opening or weaker local demand. Competitors listed: Indian Hotels, Chalet Hotels, EIH. We have no financial interest in this news.