Lemon Tree Hotels Signs Franchise Agreement for Keys Lite in Manali, Expanding Himachal Pradesh Portfolio
New Delhi, August 5, 2026: Lemon Tree Hotels Limited has signed a franchise agreement for the launch of Keys Lite by Lemon Tree Hotels in Manali. This strategic move marks the entry of the Keys Lite brand into the popular leisure destination of Manali and significantly strengthens the group's presence across Himachal Pradesh.The new property, set against the Himalayan landscape, will be operated under the franchise agreement and is expected to feature 24 well-appointed rooms. Amenities at the hotel will include a restaurant, a lounge, a fitness centre, and thoughtfully designed public spaces, catering specifically to leisure travellers, families, and small groups.
With this addition, Lemon Tree Hotels Limited's portfolio in Himachal Pradesh will now comprise 11 hotels, consisting of four operational properties and seven upcoming projects.
Vishvapreet Singh Cheema, President of Lemon Tree Hotels Ltd., commented on the signing, stating that Manali is one of India's most sought-after holiday destinations. He added that Keys Lite by Lemon Tree Hotels, Manali is well suited to meet the diverse needs of travellers visiting the area and reinforced that the signing further strengthens the group’s presence across Himachal Pradesh.
The hotel will offer convenient connectivity for travelers arriving in the region. Bhuntar Airport, Kullu-Manali, is approximately 56 km away from the property, while Kiratpur Railway Station is roughly 200 km distant.
Company Overview
Lemon Tree Hotels Limited (LTHL) remains a leading hospitality company operating across various segments and markets. The group manages seven distinct brands, including Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select, and Keys Lite.The company operates over 130 hotels in more than 80 cities globally, maintaining a pipeline of over 140 upcoming properties. Since opening its first 49-room hotel in 2004, the group has grown to encompass 270+ properties, spanning both operational and upcoming projects.
LEMONTREE Stock Price Movement
Lemon Tree Hotels Limited shares slipped today, settling at ₹112.68 after shedding 0.64% in post-market trading. The equity saw significant activity, with a total traded volume of 2.98 million shares recorded as the market closed.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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