Lemon Tree Hotels Share Price in Focus on Signing New Property in Punjab

Lemon Tree Hotels Limited has entered into a franchise agreement for a new hotel in Kharar, Punjab, as per the filing. The hotel will operate under the Keys Lite by Lemon Tree Hotels brand. The disclosure was made to the stock exchanges on June 23, 2025, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Hotel Facilities and Location

The property will feature 47 rooms along with a restaurant, banquet area, meeting room, fitness centre, swimming pool, spa, and other public facilities. It is located in Kharar, a city in the Sahibzada Ajit Singh Nagar district. The hotel is approximately 26 km from Shaheed Bhagat Singh International Airport and around 28 km from the Chandigarh Railway Station.

Kharar as a Location

Kharar is one of the urban blocks of the Sahibzada Ajit Singh Nagar district in Punjab. It has seen growth in commercial and residential activity. The area also attracts domestic visitors due to its mix of temples, Gurudwaras, amusement parks, gardens, lakes, and wildlife sanctuaries.

Lemon Tree’s Presence in Punjab

This signing adds to Lemon Tree Hotels’ portfolio in Punjab, which currently includes 2 operational hotels and 7 under development. The company is present across various segments in the hospitality industry and uses a mix of owned, leased, managed, and franchised properties.

Network and Expansion

Lemon Tree Hotels currently operates more than 110 hotels and has over 220 properties in its total pipeline. Its portfolio covers 70 cities across India, with additional locations in Dubai, Bhutan, and Nepal. The company’s brands include Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels, Keys Prima, Keys Select, and Keys Lite.

Read more: Lemon Tree Hotels Shares in Focus on Signing New Property in Limbodagari, Madhya Pradesh!

Lemon Tree Hotels Share Price Performance

As of 09:26 AM on June 24, 2025, Lemon Tree share price was trading at ₹136.01, a 0.90% increase, with a 11.05% decline over the past 6 months and an 8.32% decline over the past year.

Conclusion

The Kharar property will become part of Lemon Tree Hotels’ existing network in Punjab. It joins two operational hotels and seven upcoming projects in the state.

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