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Lemon Tree Hotels (LTHL) has announced signing of license agreement viz. Lemon Tree Hotel, Janakpur, Nepal.

ICICIdirect Research 23 Jun 2026 DISCLAIMER

News:Lemon Tree Hotels (LTHL) has announced signing of license agreement viz. Lemon Tree Hotel, Janakpur, Nepal. The hotel will have 85 rooms, restaurant and other public areas. It shall be managed by Carnation Hotels, wholly owned subsidiary of Lemon Tree Hotels. It has 8 properties in Nepal, 3 operational and 5 under pipeline.

View: Lemon Tree Hotels’ expansion across select international locations continues at steady pace. During recent analyst meet, the management highlighted that they will continue to expand across international locations where Indian traveller footfalls remain high. The company has 6 operational international properties ( 3 Nepal, 2 Bhutan and 1 Dubai) and 5 upcoming hotels in Nepal. The company is also expanding across high footfall spiritual locations. Over the past 1 year, it has signed and announced hotels across 10 prominent spiritual locations. The company has ~11,200 operational rooms and ~11000 rooms in pipeline. Expansion across select international and domestic locations with spiritual areas in focus provides LTHL with headroom for growth considering higher footfalls across these locations.

Impact: Positive

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