Lemon Tree Hotels Signs License Agreement for Akola Property
Filing Summary
Lemon Tree Hotels Limited has signed a license agreement for a new hotel in Akola, Maharashtra, under the brand Keys Prima by Lemon Tree Hotels. The property will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels. The hotel will feature 55 rooms and various amenities. This addition brings Lemon Tree’s presence in Maharashtra to 28 hotels, including 15 operational and 13 upcoming properties. The hotel is strategically located to cater to corporate travelers and trade visitors, enhancing the company’s footprint in the region.
Lemon Tree Hotels Limited has entered into a license agreement for a new hotel in Akola, Maharashtra. The property will operate under the brand Keys Prima by Lemon Tree Hotels. Management of the hotel will be undertaken by Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels Limited. This development is part of the company’s strategy to expand its presence in Maharashtra, a key economic region in India.
The filing does not disclose specific financial terms or payment structures related to the license agreement. The focus remains on expanding the company’s portfolio in Maharashtra, which now includes 28 hotels, comprising 15 operational properties and 13 in the pipeline. This strategic move aligns with the company’s broader expansion plans in economically active regions.
The new hotel in Akola will offer 55 well-appointed rooms. It will include a restaurant, banquet hall, conference room, and recreational amenities such as a fitness center, swimming pool, and spa. These facilities are designed to cater to both corporate travelers and leisure guests. The hotel’s location is approximately 265 km from Dr. Babasaheb Ambedkar International Airport and 4.4 km from Akola Junction railway station, ensuring accessibility for various types of travelers.
Akola is recognized as a key commercial and agricultural center, particularly noted for its cotton production and trading ecosystem. The city is experiencing steady regional development, supported by infrastructure growth and expanding business activities. This makes Akola a strategic location for Lemon Tree Hotels to establish a presence, tapping into the region’s economic potential.
The timeline for the hotel’s opening has not been specified in the filing. However, the agreement signifies Lemon Tree Hotels’ commitment to enhancing its portfolio in Maharashtra. The company continues to focus on emerging regional centers that require quality branded hospitality services, aligning with evolving business and regional travel demands.
Carnation Hotels Private Limited is responsible for managing the new property. As a wholly-owned subsidiary of Lemon Tree Hotels, Carnation Hotels specializes in hotel management and operations, ensuring consistent service quality across the brand’s properties.
Lemon Tree Hotels Limited is a leading hospitality company in India, catering to a diverse range of customers from value-conscious travelers to premium business and leisure seekers. The company operates under seven distinct brands, offering experiences across various segments. With over 120 hotels in more than 80 cities, Lemon Tree Hotels is expanding its footprint both domestically and internationally, focusing on delivering consistent quality and comfort to its guests.