Lemon Tree Hotels has signed a license agreement for a new 76-room hotel in Gorakhpur, Uttar Pradesh, which will be managed by its subsidiary, Carnation Hotels. This signing increases the company's footprint in Uttar Pradesh to 26 hotels, with 8 currently operational and 18 in the pipeline. The property is strategically located near Gorakhpur's airport and railway station, catering to the growing demand for branded hospitality in Eastern UP. This expansion reflects the company's ongoing strategy to penetrate high-potential regional and transit hubs across India.

Lemon Tree Hotels has signed a license agreement for a new 49-room hotel in Barog, Himachal Pradesh, to be managed by its subsidiary Carnation Hotels. This marks the company's 10th property in the state, where it currently has 4 operational hotels and 6 under development. The property is strategically located near Chandigarh and Kalka to attract leisure travelers and corporate events. This expansion aligns with Lemon Tree's asset-light growth model and focus on high-potential leisure micro-markets.

Lemon Tree Hotels has signed a license agreement for a new 55-room hotel in Akola, Maharashtra, under the 'Keys Prima' brand. The property will be managed by its wholly-owned subsidiary, Carnation Hotels Private Limited, following the company's asset-light growth strategy. This signing increases Lemon Tree's presence in Maharashtra to 28 hotels, consisting of 15 operational and 13 upcoming properties. The expansion targets Akola's growing status as a commercial and agricultural hub in the Vidarbha region.

Lemon Tree Hotels reported its highest-ever quarterly revenue and EBITDA in Q3 FY26, with revenue growing 15% YoY to ₹407.8 Cr. While EBITDA margins contracted slightly by 133 bps to 50.6% due to renovation and GST impacts, the company saw an 11% YoY increase in Average Room Rate (ARR) to ₹7,487. Profit After Tax (PAT) grew by 2% to ₹81.8 Cr, impacted by a ₹31.3 Cr one-off exceptional item related to labor codes and taxes. The company continues its aggressive asset-light expansion, signing 17 new contracts and adding 1,855 rooms to its pipeline this quarter.

Lemon Tree Hotels is implementing a Composite Scheme of Arrangement to separate its business into two distinct entities: an asset-light management company and an asset-heavy ownership platform (Fleur Hotels). Warburg Pincus has committed a primary capital infusion of ₹960 crores into Fleur Hotels to accelerate growth and acquisitions. Post-reorganization, Lemon Tree shareholders will effectively own approximately 74% of Fleur Hotels through a combination of direct and indirect holdings. The move aims to make Lemon Tree a debt-free, high-ROCE entity focused on management fees and digital services within 12-15 months.

Lemon Tree Hotels has signed a license agreement for a new 85-room 'Lemon Tree Premier' property in the pilgrimage destination of Omkareshwar, Madhya Pradesh. The hotel will be managed by its wholly-owned subsidiary, Carnation Hotels Private Limited, and is expected to feature a spa, swimming pool, and banquet facilities. This signing strengthens the company's presence in Madhya Pradesh, bringing its total portfolio in the state to 4 operational and 10 upcoming hotels. The move strategically targets the growing spiritual tourism segment in India.

Lemon Tree Hotels has signed a license agreement for a new 48-room property under the 'Keys Select' brand in Chitrakoot, Uttar Pradesh. The property will be managed by its wholly-owned subsidiary, Carnation Hotels Private Limited, targeting the religious and leisure tourism segment. This signing strengthens the company's presence in Uttar Pradesh, where it currently has 8 operational and 14 upcoming hotels. The hotel is strategically located 10 kms from Chitrakoot Airport and 5 kms from the railway station, enhancing its accessibility for travelers.

Lemon Tree Hotels has signed a license agreement for a new 120-room property under the Keys Select brand in Khurpatal, Uttarakhand. The hotel will be managed by its wholly-owned subsidiary, Carnation Hotels Private Limited, and is expected to cater to leisure and spiritual travelers. This signing strengthens the company's footprint in Uttarakhand, where it currently has 9 operational and 10 upcoming hotels. The property features a restaurant, banquet hall, and recreational facilities including a spa and swimming pool.

Lemon Tree Hotels is undergoing a major strategic reorganization to create two distinct platforms: a pure-play asset-light management company and an asset-heavy ownership platform (Fleur Hotels). Warburg Pincus will acquire APG's 41.09% stake in Fleur Hotels and provide a primary capital infusion of up to INR 960 crores to accelerate growth. Shareholders of Lemon Tree will directly receive a 32.96% stake in Fleur Hotels, which is expected to be listed separately on Indian exchanges within 12-15 months. This move aims to unlock value by separating the high-margin, zero-debt management business from capital-intensive hotel ownership.

Lemon Tree Hotels (LTHL) has approved a major restructuring to segregate its asset-heavy hotel ownership business from its asset-light management platform. The asset-heavy undertaking will be demerged into its material subsidiary, Fleur Hotels Limited (FHL), with a swap ratio of 20 FHL shares for every 311 LTHL shares. Simultaneously, Coastal Cedar Investments will acquire APG's 41.09% stake in FHL and has the right to infuse up to ₹960 crore in growth capital. This move aims to optimize capital deployment and provide operational focus for both business segments.

Lemon Tree Hotels has approved a major reorganization to separate its asset-light management business from its hotel ownership arm, Fleur Hotels. Warburg Pincus will acquire APG's 41.09% stake in Fleur and has committed up to ₹960 crore in primary capital to fuel expansion. The scheme involves demerging 12 hotels from Lemon Tree into Fleur, which will subsequently be listed as a separate entity on the NSE and BSE. Post-restructuring, Lemon Tree shareholders will directly own 32.96% of the newly listed Fleur Hotels.

Lemon Tree Hotels (LTHL) has approved a major corporate restructuring to segregate its asset-light management business from its asset-heavy hotel ownership business. The ownership assets and development capabilities will be consolidated into its material subsidiary, Fleur Hotels Limited (FHL). As part of the arrangement, Coastal Cedar Investments will acquire APG's 41.09% stake in FHL and has the right to infuse up to ₹960 crore in growth capital. LTHL shareholders will receive 20 shares of FHL for every 311 shares held in LTHL, effectively unlocking value for the asset-heavy portfolio.

Lemon Tree Hotels has signed a Hotel Operating Agreement for a new 228-room property in Tirupati, Andhra Pradesh, through its subsidiary Carnation Hotels. The property will operate under the 'Lemon Tree Suites' brand and is strategically located 10 km from Tirupati International Airport. This expansion targets the high-volume spiritual tourism segment in one of India's most visited pilgrimage destinations. The company currently has 6 operational and 3 upcoming hotels in Andhra Pradesh, reinforcing its regional growth strategy.

Lemon Tree Hotels has signed two new license agreements for properties in Bapatla, Andhra Pradesh, and Bhilai, Chhattisgarh, adding a total of 162 rooms to its pipeline. The Bapatla resort will feature 90 rooms, while the Bhilai hotel will offer 72 rooms, both to be managed by its subsidiary, Carnation Hotels. This expansion marks the company's first entry into Chhattisgarh and strengthens its footprint in Andhra Pradesh, where it already has nine properties (operational and upcoming). The move continues the company's focus on an asset-light management model to drive growth.