Lemon Tree Hotels Share Price in Focus on Signing a New Property in Uttar Pradesh

Lemon Tree Hotels Limited has expanded its Uttar Pradesh footprint with a new management agreement for Keys Select by Lemon Tree Hotels in Mahoba, as per the exchange filings.  

The company confirmed that its subsidiary, Carnation Hotels Private Limited, will operate the property. The signing strengthens Lemon Tree’s presence in a region that has been steadily attracting leisure and business travel. 

Key Development 

Under the agreement, the upcoming hotel in Mahoba will feature 52 rooms along with a restaurant, banquet and conference facilities, a swimming pool and a fitness centre. Located in the Bundelkhand region, Mahoba serves as the district headquarters and is known for its historic sites such as the Sun Temple, Jain rock-cut sculptures, and natural lakes including Kirat Sagar and Madan Sagar.  

Connectivity to the property includes proximity to Khajuraho Airport (around 75 km) and Mahoba Railway Junction (about 5 km). 

Statements and Insights 

Vilas Pawar, CEO: Managed & Franchise Business, said the signing aligns with Lemon Tree’s strategy of expanding across cities of all tiers in India. He highlighted that Uttar Pradesh remains a high-potential market, with eight operational and 13 upcoming properties already in the pipeline.  

The company believes the state’s cultural heritage, economic activity, and tourism promise strong long-term demand for organised hospitality. 

Lemon Tree Hotels Share Performance  

As of November 17, 2025, at 9:20 AM, the Lemon Tree Hotels share price is trading at ₹156.85 per share, reflecting a surge of 0.21% from the previous day's closing price. 

Conclusion 

The addition of a Keys Select hotel in Mahoba marks an important milestone in Lemon Tree Hotels’ broader expansion strategy in Uttar Pradesh. By entering a heritage-rich district with rising tourism and improving connectivity, the company strengthens its regional footprint and builds a more diversified portfolio.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.