
Business Update10 Jul 2026, 04:40 pm
Lemon Tree Hotels Terminates Hubli Hotel Agreements
AI Summary
Lemon Tree Hotels Ltd has terminated the License Agreement and Hotel Operating Agreement (HOA) for Lemon Tree Hotel, Hubli, with effect from five business days after July 10, 2026. The termination is due to a material breach of the HOA terms by M/s. HRK Hospitality (Owner). The company has issued a termination letter to the owner. This termination is not expected to have a material financial impact on Lemon Tree Hotels.
Key Highlights
- Termination of operating and license agreements for Lemon Tree Hotel, Hubli.
- Reason for termination: Material breach of HOA terms by the owner.
- Termination effective five business days after July 10, 2026.
- No material financial impact expected for Lemon Tree Hotels.
Price Impact
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