Lemon Tree signs 85-room Janakpur hotel, lifts Nepal count to 8
Lemon Tree Hotels inked a license deal for an 85-room property in Janakpur, deepening its Nepal footprint to 8 hotels and pushing its international portfolio to 11 across Nepal, Bhutan and Dubai. Carnation Hotels will manage operations. Shares rose 5.04% to ₹118.75 on the announcement.
What happened
Lemon Tree Hotels signed a license agreement for an 85-room property in Janakpur, Nepal, expanding its Nepal portfolio to 8 hotels and international footprint
Key facts
- 85 rooms
- 11 international properties
- 8 Nepal properties
- ₹118.75 share price
- 5.04% gain
Why this matters
The license-only structure with Carnation operating reinforces Lemon Tree's capital-efficient cross-border expansion thesis, opening a template for further South Asian and GCC additions without balance-sheet drag.