Lemon Tree Hotels Ltd

Lemon Tree Hotels Ltd announced that its material subsidiary, Fleur Hotels Limited, has received a favorable update on a Goods and Services Tax (GST) matter. The Office of the Commissioner, Central Goods & Service Tax (Appeals), Dehradun, has partially allowed Fleur's appeal against an order from the Assistant Commissioner of Central Tax, Dehradun. The appellate authority ruled that interest liability on irregular Input Tax Credit (ITC) will not arise. The original order had imposed demand, penalty, and interest for the Financial Year 2018. While the subsidiary will evaluate further legal action, the company stated there is no material impact on its financials or operations.

Lemon Tree Hotels Limited, through its wholly owned subsidiary Carnation Hotels Private Limited, has signed a Memorandum of Understanding (MOU) with Omaxe Limited. This agreement aims to operate approximately 4,000 keys across multiple key destinations in India, including transit hubs, pilgrimage destinations, and commercial districts. The proposed sites are located in Lucknow, Vrindavan, Amausi, Amritsar, Ghaziabad, Greater Noida, Kaushambi, and Faridabad. This marks the company's largest single operating arrangement, significantly increasing its development pipeline to nearly 16,000 keys. The collaboration leverages Omaxe's real estate development experience and Lemon Tree's hospitality expertise, aligning with Lemon Tree's asset-light growth strategy.

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.

Lemon Tree Hotels Ltd has filed an addendum to the Trust Deed of "Krizm Hotels Pvt. Ltd. Employees Welfare Trust". This modification, made under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, primarily involves changes to the trustees and grants additional powers to the trustees. Mr. Vikramjit Singh and Mr. Rajiv Tyagi have ceased to be trustees, and the trust will now be administered by Ms. Aradhana Lal, Mr. Naresh Kumar, and Ms. Vibhuti Verma. The addendum also outlines enhanced powers for the trustees, including the ability to sell or dispose of trust assets, repay loans, and utilize trust funds for employee welfare and benefits such as housing and transportation. The addendum supersedes the original deed in case of any discrepancies.

Lemon Tree Hotels Ltd announced that its subsidiary, Sukhsagar Complexes Private Limited, has received a favorable order from the Commissioner (Appeals), Central Excise & CGST, Jaipur. The order sets aside a demand and penalty of ₹82,554/- each, initially imposed by the CGST Range-XXIII, Jaipur, under the Central Goods and Services Tax Act, 2017. The appellate authority deemed the demand unsustainable. Consequently, there is no financial impact on the company or its subsidiary as the entire liability has been nullified.

Lemon Tree Hotels Limited has announced the opening of Keys Prima by Lemon Tree Hotels, Darjeeling. This 65-room hotel marks the Group's debut in Darjeeling and is its third operational property in West Bengal, with more planned. Managed by Carnation Hotels Private Limited, the hotel offers well-appointed rooms, a multi-cuisine restaurant, a bar, and a fitness center. It aims to cater to leisure travelers seeking a mountain escape, leveraging Darjeeling's appeal with its tea estates and Himalayan views. The hotel is strategically located with easy access to local attractions and transportation hubs.

Lemon Tree Hotels Ltd. has announced the opening of Lemon Tree Resort, Nashik, a 71-key lakeside retreat. This marks the group's second property in Nashik and 16th in Maharashtra. The resort, managed by Carnation Hotels Private Limited, features various amenities including rooms and suites, a multi-cuisine restaurant, bar, banquet hall, swimming pool, spa, and fitness center. Located near Gangapur Dam, it offers views of the backwaters and is positioned to cater to leisure, business, pilgrimage, and wine tourism segments. This expansion aligns with the company's strategy to grow its footprint in emerging leisure destinations.

Lemon Tree Hotels Limited has announced the signing of a new hotel, Lemon Tree Hotel, Patancheru in Telangana. This property will be managed by its wholly-owned subsidiary, Carnation Hotels Private Limited. The hotel will feature 90 rooms, a restaurant, banquet hall, meeting rooms, a swimming pool, and a fitness center. This signing expands Lemon Tree Hotels' presence in Telangana to eight properties, including four operational and four upcoming ones. The company views Telangana as a high-priority market due to its industrial growth and tourism potential, with Patancheru being a strategic business hub.

Lemon Tree Hotels Limited, through its material subsidiary Fleur Hotels Limited, has acquired a land parcel in Bandra (East), Mumbai for ₹120 Crores. The land will be developed into a Lemon Tree Premier hotel, featuring approximately 172 keys. This expansion strengthens the company's presence in Mumbai, marking its seventh property in the city. The hotel is strategically located near the Bandra Kurla Complex and aims to cater to business travelers, MICE, and leisure segments.

Lemon Tree Hotels Limited announced that its material subsidiary, Fleur Hotels Limited, has completed the acquisition of a land parcel in Bandra (East), Mumbai for ₹120 Crores. The land, measuring approximately 989.30 square meters, is intended for the development of an upscale full-service hotel under the "Lemon Tree Premier" brand. This acquisition marks the Group's 7th property in Mumbai and is strategically located adjacent to the Bandra Kurla Complex, a key commercial hub. The proposed hotel will feature around 172 keys and aims to cater to business travelers, MICE, and leisure segments.