With reference to the captioned subject, we would like to inform you that the Company has signed a License Agreement for a 60 room property in Rajamundry, Andhra Pradesh under the Company's brand 'Lemon Tree Hotel'. The hotel is expected to be operational by Quarter 3 of FY2025
Lemon Tree Hotel, Rajamundry will feature 60 well-appointed rooms, a restaurant, banquet, meeting rooms, swimming Pool, gym, and other public areas.
Carnation Hotels Private Limited, a wholly owned subsidiary and the hotel management arm of the Company will be operating this hotel.
Please take the above intimation on record.