Deals8 April 2026 at 02:41 pm
Lemon Tree Hotels Terminates Agartala Hotel Agreement Before Operation
AI Summary
Lemon Tree Hotels Ltd. has announced the termination of the Hotel Operating Agreement and License Agreement with PRM Tirupati Pvt. Ltd. and Carnation Hotels Pvt. Ltd. for a proposed 'Lemon Tree Hotel' in Agartala, Tripura. The hotel was not yet operational, hence no financial impact is expected on the company. The agreements were terminated by mutual consent.
Key Highlights
- Lemon Tree Hotels terminates Hotel Operating Agreement and License Agreement for a proposed hotel in Agartala, Tripura.
- The hotel was not yet operational, hence no financial impact is expected on the company.
- The termination was done by mutual consent between Lemon Tree Hotels, PRM Tirupati Pvt. Ltd., and Carnation Hotels Pvt. Ltd.
LEMONTREEHotels & Resorts
Lemon Tree Hotels LtdPrice Impact