Lemon Tree Hotels Adverse Business Impact
Lemon Tree Hotels' subsidiary, Fleur Hotels, terminated the lease for its 80-room property in Gurugram. The company stated this closure has no material financial impact.
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Lemon Tree Hotels' subsidiary, Fleur Hotels, terminated the lease for its 80-room property in Gurugram. The company stated this closure has no material financial impact.
Lemon Tree Hotels terminated its operating agreement for the Hubli hotel following a material breach. The company expects no material financial impact from this termination.
Lemon Tree Hotels mutually terminated its franchise agreement with Sparsh Inn LLP for a Bareilly property. The hotel was non-operational with no material financial impact.
Lemon Tree Hotels' subsidiary, Berggruen Hotels, has terminated its Master Service Agreement for the 'Keys Select Hotel Nestor' in Mumbai. The termination follows non-payment of management fees by CS Hospitality and other partners. Management indicates no significant financial impact on the company arising from this termination.
Lemon Tree Hotels Ltd has mutually terminated its operating and license agreements for the 'Lemon Tree Hotel, Tarudhan Valley, Manesar' effective April 30, 2026. The company reports no significant financial impact from this termination. This exit involves agreements originally signed in July 2015 with Coronet Hotel Services and Supplies Pvt. Ltd.
Lemon Tree Hotels has mutually terminated its operating and license agreements with PRM Tirupati Pvt. Ltd. for a proposed hotel in Agartala, Tripura. As the hotel was not yet operational, the termination has no financial impact on the company.