LEMONTREE : SIGNS LICENSE AGREEMENT FOR LEMON TREE HOTEL

LEMONTREE : SIGNS LICENSE AGREEMENT FOR LEMON TREE HOTEL, SIRHIND

• Company signs license agreement for Lemon Tree Hotel, Sirhind; property to be managed by wholly owned subsidiary Carnation Hotels Private Limited • Hotel to feature 76 rooms along with a restaurant, banquet hall, meeting/conference room, swimming pool, spa and fitness centre • With this addition, the group will have four operational and 10 upcoming hotels in Punjab • Sirhind in Fatehgarh Sahib district targets business, transit, pilgrim and leisure travellers • Site is ~3.5 km from Sirhind Junction and ~45 km from Shaheed Bhagat Singh International Airport, Chandigarh **Impact: Positive** — Asset-light managed addition expands Lemon Tree’s Punjab portfolio and strengthens its presence across spiritual, business and leisure travel segments.