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Lemon Tree Hote

10th-Feb-2020 13:09Source: BSE

Lemon Tree Hotels Ltd. - Disclosure Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 For Signing Of License Agreement In Nagarkot, Nepal

Dear Sir,

With reference to the captioned subject, we would like to inform you that the Company has signed a License Agreement for a 51 room upcoming Hotel at Nagarkot in Nepal under the Company''s brand ''Lemon Tree Hotel''. This Hotel will also add to our repertoire of hotels internationally, which include our existing hotel in Dubai and upcoming international launches in Thimphu, Bhutan and Kathmandu, Nepal.

The Hotel will feature 51 well-appointed rooms and lavish suites, complemented by a multi-cuisine restaurant, a thriving bar, well-equipped banquet spaces, a heated swimming pool, a rejuvenating spa and a terrace deck. The hotel project, owned by Bhangeri Durbar Resort Pvt. Ltd., is expected to open by early 2021.

Carnation Hotels Private Limited, a subsidiary and the hotel management arm of the Company will be operating and marketing this Hotel.

Please find attached herewith the copy of the press release.

Please take the above intimation on record

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