Lemon Tree Subsidiary Extends Hotel LOA Validity to Aug 2027

Fleur Hotels Limited, a material subsidiary of Lemon Tree Hotels Ltd, has secured an extension for its Letter of Award (LOA) from the Delhi Development Authority (DDA) for the development and operation of 'Aurika, Nehru Place'. The LOA, originally valid until August 14, 2026, has been extended by one year to August 14, 2027. The terms of the LOA remain unchanged, pertaining to license rights for a prime land parcel in Nehru Place, New Delhi, for a 5-star hotel. This extension is subject to necessary compliances by the DDA. The development involves a 2.256-acre land parcel.