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.
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 to 11 properties across Nepal, Bhutan and Dubai.
Why this matters
Adds to Lemon Tree's expansion streak following 200-key Maharashtra signings in Tadgaon and Igatpuri, and a Sri Ganganagar property that took Rajasthan to 23 hotels. International push now scales alongside domestic growth.
Store-opening signals remain steady with 277 announcements over the past 90 days.