StockWatch
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Hotels & Resorts
Business Update13 Oct 2026, 08:10 pm

Lemon Tree Hotels Signs Franchise Agreement for Keys Select, Bareilly

AI Summary

Lemon Tree Hotels Limited has signed a franchise agreement for Keys Select by Lemon Tree Hotels in Bareilly, Uttar Pradesh. This marks the group's 26th property in the state and will feature 52 rooms, a multi-cuisine restaurant, banquet and conference facilities, and a fitness center. The hotel is strategically located to cater to the growing demand from corporate and transit travelers in Bareilly, a rapidly developing urban center. This expansion aligns with Lemon Tree's asset-light strategy to scale its presence efficiently in high-potential regional markets.

Key Highlights

  • Franchise agreement signed for Keys Select by Lemon Tree Hotels, Bareilly.
  • Adds 52 rooms, expanding group's footprint in Uttar Pradesh.
  • Targets growing demand from business and transit travelers.
  • Utilizes an asset-light approach for capital-efficient expansion.