Highlights
- Lemon Tree Hotels has signed a new property in Janakpur, Nepal.
- The hotel will feature 85 rooms and multiple hospitality amenities.
- The signing expands the group's Nepal portfolio to eight properties.
Lemon Tree Hotels Limited (NSE:LEMONTREE) has announced the signing of Lemon Tree Hotel, Janakpur in Nepal. The property will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited.
The announcement was made through a stock exchange filing under Regulation 30 of the SEBI Listing Regulations. With this development, the company continues to expand its presence in international markets, particularly within South Asia.
Nepal Portfolio Grows To Eight Properties
Following the latest signing, Lemon Tree Hotels' portfolio in Nepal has increased to eight properties. According to the company, this includes three operational hotels and five upcoming properties.
At the group level, the international portfolio now stands at 11 properties comprising six operational hotels and five upcoming projects across Nepal, Bhutan and Dubai.
The company currently operates two hotels in Bhutan and one property in Dubai, reflecting its growing international footprint beyond India.
Janakpur Chosen As Strategic Hospitality Destination
The newly signed hotel is located in Janakpurdham in Nepal's Dhanusha District. Janakpur is regarded as one of South Asia's prominent pilgrimage destinations and is associated with Goddess Sita, Lord Ram and the historic Mithila Kingdom.
The city attracts visitors from Nepal and India throughout the year, particularly during festivals such as Vivah Panchami and Ram Navami. The company stated that increasing connectivity and tourism activity have contributed to growing travel demand in the region.
The property's location places it near key attractions including Janaki Temple, Ram Mandir, Vivah Mandap, Dhanush Sagar and Ganga Sagar.
Planned Facilities At The New Property
The hotel will feature 85 rooms and a range of guest amenities. These include a restaurant, banquet hall, meeting and conference facilities, a bar lounge, swimming pool, spa and fitness centre.
The company said the project is intended to provide a branded hospitality offering for both pilgrimage and leisure travellers visiting the destination.
The property will operate under the Lemon Tree Hotel brand and will be managed by Carnation Hotels Private Limited.
Management Commentary
Commenting on the signing, Vishvapreet Singh Cheema, President, Lemon Tree Hotels Limited, said:
"Janakpur is one of South Asia's most revered destinations as it holds immense spiritual significance across the subcontinent, and its growing connectivity is driving a major surge in heritage travel. Signing Lemon Tree Hotel, Janakpur aligns strongly with our strategy of building quality hospitality infrastructure in culturally significant, high-potential markets. This addition expands our portfolio in Nepal to eight properties, allowing us to deliver our signature refreshing hospitality and further solidifying our position as a trusted brand in the region."
Expansion Strategy Remains In Focus
The company stated that the signing aligns with its broader international expansion strategy and its focus on developing hospitality infrastructure in culturally significant travel destinations.
Lemon Tree Hotels currently operates and develops properties across multiple segments including upper upscale, upscale, midscale, leisure, wildlife and spiritual tourism categories.
The latest project adds another destination to its growing South Asian portfolio and strengthens its presence in Nepal's hospitality market.
Key Risks To Watch
- Project development timelines may face implementation delays.
- Tourism demand fluctuations could impact occupancy levels.
- Competitive hotel supply may affect room pricing.
- Economic conditions may influence travel and hospitality spending.
Today’s Share Performance
Investors may monitor Lemon Tree Hotels shares for any market reaction to the announcement. The company has not disclosed the financial value of the agreement or the expected operational commencement date for the property.
Summary
Lemon Tree Hotels has signed Lemon Tree Hotel, Janakpur in Nepal, expanding its Nepal portfolio to eight properties. The 85-room hotel will be managed by Carnation Hotels Private Limited and will include facilities such as a restaurant, banquet hall, swimming pool, spa and fitness centre. The development forms part of the company's broader strategy to expand its hospitality presence across key South Asian destinations.
FAQs
Q: Where is the newly signed Lemon Tree Hotel located?
A: The hotel is located in Janakpurdham, Dhanusha District, Nepal.
Q: How many rooms will the property have?
A: The hotel will feature 85 rooms along with multiple hospitality amenities.
Q: How many properties does Lemon Tree Hotels now have in Nepal?
A: Following this signing, the group's Nepal portfolio has expanded to eight properties.