Lemon Tree Hotels Ltd has signed an agreement for a new hotel in Janakpur, Nepal, strengthening its presence in South Asia and expanding its international portfolio.
According to a regulatory filing dated June 22, 2026, the upcoming property will operate as Lemon Tree Hotel, Janakpur and will be managed by the company’s wholly owned subsidiary, Carnation Hotels Private Limited.
85-Room Hotel Planned in Janakpur
The new property will have 85 rooms and offer several facilities, including:
- Restaurants.
- Banquet halls.
- Conference rooms.
- Swimming pool.
- Spa.
- Fitness centre.
- Bar lounge.
The hotel is aimed at catering to growing tourism demand in Janakpur, one of Nepal’s prominent religious destinations.
Expanding Presence in Spiritual Tourism
Janakpur attracts a large number of visitors because of its association with Goddess Sita and the Ramayana.
The city is one of Nepal’s key pilgrimage centres, providing year-round demand for hospitality services.
The latest addition takes Lemon Tree’s portfolio in Nepal to eight properties.
Its overall international portfolio has now increased to 11 properties across:
- Nepal.
- Bhutan.
- Dubai.
Asset-Light Strategy Continues
The company is expanding through an asset-light model, under which it manages hotels through management and licensing agreements instead of owning properties directly.
This approach allows the company to:
- Expand with lower capital requirements.
- Increase management fee income.
- Improve capital efficiency.
- Scale operations faster.
Strong Expansion Pipeline
As of FY26, Lemon Tree Hotels operated:
- 131 hotels.
- More than 11,800 rooms.
- Properties spread across over 80 cities.
During FY26, the company:
- Added 20 hotels.
- Signed agreements for 55 new properties.
FY26 Financial Performance
The hospitality chain reported:
| Particulars | FY26 |
|---|---|
| Revenue | ₹1,444 crore |
| Net Profit | ₹288 crore |
The company said the performance was supported by continued growth in India’s travel and hospitality sector.
Stock Details
Lemon Tree Hotels has a market capitalisation of around ₹9,470 crore.
The stock was trading near ₹120.
About the Company
Lemon Tree Hotels is one of India’s largest hotel chains in the mid-market segment.
Its brands include:
- Aurika Hotels & Resorts
- Lemon Tree Premier
- Lemon Tree Hotels
- Red Fox Hotels
- Keys Hotels
The company caters to luxury, upscale, mid-scale and economy travellers and continues to pursue growth through a management-led, asset-light business model.
TL;DR
Lemon Tree Hotels has signed an agreement for an 85-room hotel in Janakpur, Nepal. Managed by Carnation Hotels, the property will expand the company’s presence in Nepal to eight hotels and support its asset-light international growth strategy.
AI Summary
- Lemon Tree Hotels has signed a new hotel project in Janakpur, Nepal.
- The 85-room property will be managed by Carnation Hotels.
- Nepal portfolio has expanded to eight properties.
- International presence now stands at 11 properties.
- The company reported FY26 revenue of ₹1,444 crore and net profit of ₹288 crore.
