16-Oct-2026 14:01:17
LEMONTREEExpansion
LEMONTREE : SIGNS MOU TO OPERATE ~4,000 KEYS
• Company and wholly owned subsidiary Carnation Hotels sign MOU with Omaxe Limited to operate ~4,000 keys in multiple key destinations • Largest single operating arrangement; development pipeline increases to nearly 16,000 keys in total • Sites to span transit hubs, pilgrimage towns and commercial districts across Lucknow, Vrindavan, Amausi, Amritsar, Ghaziabad, Greater Noida, Kaushambi and Faridabad • Accelerates Lemon Tree's asset-light growth strategy, expanding the managed portfolio across diverse markets and asset formats • Omaxe brings nearly four decades of real estate development experience; sale-led development model pursues expansion with disciplined capital deployment
Lemon Tree Hotels Ltd
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