Lemon Tree Hotels Signs Hotel in Janakpur, Boosting International Portfolio to Eight Properties in Nepal
Lemon Tree Hotels Limited has announced the signing of a License Agreement for Lemon Tree Hotel in Janakpur, Nepal, significantly expanding its international presence. The property will be managed by Carnation Hotels Private Limited, which is a wholly-owned subsidiary of Lemon Tree Hotels Limited.The new hotel will feature 85 well-appointed rooms, along with supporting amenities including a restaurant, banquet hall, meeting/conference room, bar lounge, swimming pool, spa, and a fitness center. This addition aims to provide a full service branded hospitality experience in the spiritually significant destination.
This agreement elevates the group's presence in Nepal to eight properties. The company maintains an international portfolio of 11 properties globally, comprising six operational hotels and five upcoming projects across Nepal, Bhutan, and Dubai. Lemon Tree Hotels operates two hotels in Bhutan and one hotel in Dubai, reflecting its commitment to expanding quality hospitality across key South Asian markets.
Janakpurdham is recognized as a deeply significant spiritual destination in South Asia, known as the birthplace of Goddess Sita and the ancient capital of the Mithila Kingdom. The city attracts millions of pilgrims during major festivals such as Vivah Panchami and Ram Navami. The hotel is strategically located in Dhanusha District, near principal pilgrimage sites including the Janaki Temple and Ram Mandir.
Commenting on the expansion, Mr. Vishvapreet Singh Cheema, President of Lemon Tree Hotels Ltd., stated that the signing aligns strongly with the company’s strategy to build quality hospitality infrastructure in culturally significant markets. He noted that expanding the Nepal portfolio to eight properties allows the group to deliver its signature refreshing hospitality and strengthen its position as a trusted brand in the region.
The commitment to identifying meaningful market opportunities underscores Lemon Tree Hotels' international expansion strategy, reinforcing its focus on building sustainable presences in culturally and spiritually vital destinations across South Asia.
International Portfolio Overview:
| Region | Operational Hotels | Properties In Pipeline |
|---|---|---|
| Nepal | 3 | 5 (Including Janakpur) |
| Bhutan | 2 | N/A |
| Dubai | 1 | N/A |
| Total | 6 | 5 |
Lemon Tree Hotels Limited is one of India's leading hospitality companies, serving both premium business and leisure segments. The group operates over 130 hotels across more than 80 cities in India and abroad, with a growing pipeline of over 140 upcoming properties. Since launching its first hotel in 2004, the company has grown to 270+ properties (operational and upcoming).
LEMONTREE Stock Price Movement
Today, shares of Lemon Tree Hotels Limited edged higher to close at ₹118.75 after posting a 5.01% gain in post-market trading. The stock saw substantial activity, with 16.99 million shares traded as the equity closed near its daily high.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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