Lemon Tree Hotels Terminates Hotel Operating and License Agreements with Red Fox in Neelkanth, Uttarakhand

Lemon Tree Hotels Ltd. has announced the termination of the Hotel Operating Agreement (HOA) and License Agreement (LA) for Red Fox by Lemon Tree Hotels, located in Neelkanth, Uttarakhand. The agreements were terminated between M/s. Hotel Mahanand (Owner), M/s. Carnation Hotels Pvt. Ltd. (Operator), and the Company. The termination is said to have no significant impact on the Company's net worth.