Lemon Tree Subsidiary's Hotel Project LOA Extended by One Year
Lemon Tree Hotels Limited has announced that the Letter of Award (LOA) for the development and operation of a 5-star hotel in Nehru Place, New Delhi, held by its Material Subsidiary, Fleur Hotels Limited, has been extended. The validity period of the LOA was mutually extended by one year following an agreement between the parties.The project concerns the development and operation of 'Aurika' at Nehru Place, which is a prime land parcel located in New Delhi. Fleur Hotels Limited, operating as the domestic entity for this venture, holds the licence rights pertaining to the site.
Originally, the LOA was valid until August 14, 2026. Through the extension process, the validity has been revised and will now remain effective until August 14, 2027. This extension followed the acceptance of an extension letter from the Delhi Development Authority (DDA) by Fleur Hotels Limited on July 23, 2026.
The contract involves undertaking all activities related to the development and operation of a 5-star hotel on the licensed land parcel, which measures 2.256 acres. The significant terms and conditions set forth in the LOA dated August 14, 2025 remain unchanged.
Key details regarding the project and contract are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarded | Fleur Hotels Limited (Material Subsidiary of Lemon Tree) |
| Project Location | Nehru Place, New Delhi |
| Contract Type | Development and Operation of a 5-star Hotel |
| Original LOA Validity | Up to August 14, 2026 |
| Extension Granted | One (1) year |
| New LOA Validity Date | Up to August 14, 2027 |
| Land Parcel Size | 2.256 acres |
LEMONTREE Stock Price Movement
Shares of Lemon Tree Hotels Limited slipped on Friday, shedding 0.14% and settling at ₹109.36. The stock traded amidst a volatile session, with over 2.4 million shares changing hands during the day.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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