Lemon Tree Hotels Share Price in Focus; Signs New Hotel in Akola, Maharashtra

Lemon Tree Hotels Limited has signed a licence agreement for a Keys Prima hotel in Akola, Maharashtra, as per a regulatory filing dated February 27, 2026. The property will be operated by Carnation Hotels Private Limited, the company’s wholly owned subsidiary.  

The project forms part of the company’s ongoing additions across smaller commercial centres. 

Details of the Proposed Hotel 

The planned property will include 55 rooms. It will also have a restaurant, banquet hall and conference room, along with a fitness centre, swimming pool and spa. These facilities are expected to cater to business visitors and local event demand. 

State-Level Portfolio Update 

With this signing, Lemon Tree Hotels’ presence in Maharashtra now stands at 28 properties. Of these, 15 are operational while 13 are under development, including the Akola project.  The additions span both established urban locations and emerging markets. 

Location Context 

Akola is located in the Vidarbha region and is known for its agricultural output, particularly cotton. The city also functions as a trading centre for surrounding areas. The hotel site is about 265 kilometres from Dr Babasaheb Ambedkar International Airport and around 4.4 kilometres from Akola Junction railway station.  

Signing in Another State 

Last month, the company also signed Lemon Tree Premier in Omkareshwar, Madhya Pradesh. The proposed hotel will have 85 rooms along with dining, meeting and recreational facilities. This property will also be managed by Carnation Hotels Private Limited. 

Read More: GAIL Share Price in Focus; Board Approves ₹1,736.25 Crore Wind Project in Maharashtra! 

Lemon Tree Hotels Share Price Performance  

As of March 2, 2026, 11:23 am, Lemon Tree Hotels share price is trading at ₹113.79, a 0.11% increase from the previous closing price. 

Conclusion 

The newly signed Keys Prima hotel in Akola increases Lemon Tree Hotels’ total presence in Maharashtra to 28 properties. This includes both existing operations and projects under development. 

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