Business Update6 Aug 2026, 09:50 pm
Lemon Tree Premier, Gurugram Lease Terminated by Subsidiary
AI Summary
Lemon Tree Hotels Ltd announced that its material subsidiary, Fleur Hotels Limited, has terminated the lease deed for the Lemon Tree Premier, Leisure Valley 2, Gurugram hotel. The 80-room hotel, operated by the company, will cease operations and its possession will be handed over to the lessor, Optus Hotels Private Limited, upon receipt of the security deposit. The company stated that this termination will not have a material financial impact.
Key Highlights
- Subsidiary Fleur Hotels Limited terminated lease for Gurugram hotel.
- Hotel operations to cease; possession to be handed over to lessor.
- Company confirms no material financial impact from termination.
- Lease deed termination follows issuance of termination letter.
Price Impact
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