Lemon Tree Hotels Signs License Agreement for Simara, Nepal Property
Filing Summary
Lemon Tree Hotels Ltd has signed a License Agreement for a new property in Simara, Nepal. The hotel will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels. The property will feature 98 rooms, a restaurant, banquet facilities, and recreational amenities. This marks Lemon Tree’s seventh property in Nepal, expanding its presence in the region. The hotel is strategically located near Simara Airport, catering to both commercial and eco-tourism markets. The agreement aligns with Lemon Tree’s strategy to grow in high-growth markets.
Lemon Tree Hotels Ltd has entered into a License Agreement for a new property in Simara, Nepal. The property, named Lemon Tree Hotel, Simara, will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels. This development represents the company’s seventh property in Nepal, further expanding its footprint in the region.
The financial terms of the agreement have not been disclosed in the filing. The arrangement involves the management of the hotel by Carnation Hotels Private Limited, which is responsible for overseeing the operations and ensuring compliance with Lemon Tree’s standards.
The Lemon Tree Hotel, Simara will feature 98 rooms, catering to the needs of modern travelers. The property will include a multi-cuisine restaurant, a bar lounge, and expansive banquet and conference facilities. Recreational amenities such as a swimming pool, spa, and fitness center will also be available, providing a comprehensive hospitality experience.
Simara is strategically positioned as a commercial and transit hub, with the hotel located just 2 km from Simara Airport. This location serves as a gateway for travelers navigating high-growth commercial corridors and emerging eco-tourism sites. The addition of this property aligns with Lemon Tree’s strategy to expand in high-growth markets and transit-led cities.
The timeline for the hotel’s opening and operational milestones has not been specified in the filing. The agreement signifies Lemon Tree’s ongoing efforts to strengthen its presence in Nepal and scale its regional portfolio.
Carnation Hotels Private Limited is a subsidiary of Lemon Tree Hotels, focusing on the management and operation of properties under the Lemon Tree brand. The company plays a critical role in executing Lemon Tree’s expansion strategy by managing new and existing properties.
Lemon Tree Hotels Limited is a leading hospitality company in India, offering a range of services across various segments, including upper upscale, upscale, and midscale. The company operates over 130 hotels across multiple cities in India and internationally, with a growing pipeline of upcoming properties. Lemon Tree Hotels focuses on providing consistent quality and comfort to both business and leisure travelers.