Lemon Tree Hotels rose 1.01% to ₹119.95 following the announcement of the new Nepal property signing, as reported by Business Standard. The positive market reaction reflects investor confidence in the company's strategic expansion into culturally significant destinations with strong tourism potential. Historical stock performance shows the company has delivered +186.14% returns over 5 years, though it has experienced some volatility with -25.70% decline in the last year.
Lemon Tree Hotels Ltd has signed a license agreement for Lemon Tree Hotel, Janakpur in Nepal, marking a significant expansion of the hospitality chain's international footprint. According to reports from CNBC TV18 and Business Standard, the property will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels. The hotel will feature 85 rooms, a restaurant, banquet hall, meeting and conference room, bar lounge, swimming pool, spa and fitness centre. The hotel is strategically located in Dhanusha District, Janakpurdham Sub-Metropolitan City, Nepal, placing it in close proximity to the city's principal pilgrimage sites including the Janaki Temple, Ram Mandir, Vivah Mandap and the sacred Dhanush Sagar and Ganga Sagar ponds.
With this signing, Lemon Tree Hotels' international portfolio has expanded to 11 properties, comprising six operational hotels and five upcoming properties across Nepal, Bhutan and Dubai. As reported by CNBC TV18 and Business Standard, in Nepal specifically, the group's portfolio has increased to eight properties, including three operational hotels and five upcoming properties. The company also operates two hotels in Bhutan and one hotel in Dubai. The group operates 130+ hotels across 80+ cities in India and abroad, with a pipeline of 140+ upcoming properties.
Janakpur, officially known as Janakpurdham, is one of South Asia's most significant religious destinations, revered as the birthplace of Goddess Sita and the site of her marriage to Lord Ram. According to Business Standard, the city attracts millions of pilgrims and heritage tourists annually, particularly during festivals such as Vivah Panchami and Ram Navami. The growing connectivity in Janakpur is driving a major surge in heritage travel, allowing the group to deliver its signature hospitality and solidify its position as a trusted brand in the region. The hotel's location provides guests with a comfortable and well-connected base from which to explore the full spiritual and cultural landscape of Mithila.
Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd, stated that Janakpur is one of South Asia's most revered destinations as it holds immense spiritual significance across the subcontinent, and its growing connectivity is driving a major surge in heritage travel. As reported by Business Standard, he emphasized that signing Lemon Tree Hotel, Janakpur aligns strongly with the company's strategy of building quality hospitality infrastructure in culturally significant, high-potential markets. The signing allows the group to deliver its signature refreshing hospitality and further solidify its position as a trusted brand in the region, with this addition expanding the portfolio in Nepal to eight properties.
