With reference to the captioned subject, we would like to inform you that the Company has signed two Franchise Agreements for upcoming Hotels under the Company's brands - Lemon Tree Premier and Lemon Tree Resort, in Budhanilkantha, Kathmandu, Nepal and Lumbini, Nepal, respectively.
Lemon Tree Premier, Budhanilkantha, Kathmandu will feature 102 well-appointed rooms, two restaurants, one restrobar, a private dining room, three meeting rooms, one banquet hall, outdoor venues for events, an expansive swimming pool, a fitness center, a spa, a casino and other public areas and is expected to be operational on or before January 2024.
Lemon Tree Resort, Lumbini, Nepal will feature 81 well-appointed rooms, a restaurant, a bar, meeting rooms, an outdoor event venue, a private dining room and other public areas and is expected to be operational on or before October, 2023.
Please find attached herewith the copy of the press release in above regard.
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