Business Update1 Jun 2026, 09:21 pm
Lemon Tree Hotels: Franchise Agreement in Bareilly Terminated
AI Summary
Lemon Tree Hotels Ltd has mutually terminated its Franchise Agreement with M/s. Sparsh Inn LLP, dated May 10, 2024, for a 'Keys Select by Lemon Tree Hotels' property in Bareilly, Uttar Pradesh. The hotel was not operational, and the termination is not expected to have a material financial impact on the company.
Key Highlights
- Lemon Tree Hotels terminates Franchise Agreement with Sparsh Inn LLP.
- Agreement was for a 'Keys Select' hotel in Bareilly, Uttar Pradesh.
- The hotel was not operational at the time of termination.
- Termination is not expected to have a material financial impact.
Price Impact
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