Lemon Tree Hotels
Lemon Tree Hotels is expanding, opening its first Darjeeling hotel with 65 rooms on 3 Oct 2026 (ET Hospitality, 3 Oct) and buying a Bandra East site for ₹120 crore for a 172-key Premier (Mint, 28 Sept). It also exited an 80-room Gurugram property after a lease termination (CNBC-TV18, 4 Sept).
What it means Premium-hotel rivals in Mumbai face a new Lemon Tree Premier competing for the same demand.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Omaxe signed an MoU on 16 October giving Carnation Hotels 10 projects and 4,000 keys to operate, so rivals targeting Lucknow, Vrindavan, Ghaziabad, Greater Noida, Amritsar or Faridabad now compete with this pipeline.Reported: Omaxe signed an MoU on 16 October with Lemon Tree Hotels' subsidiary Carnation Hotels to operate 10 hotel projects with 4,000 keys. Sites include Lucknow, Vrindavan, Ghaziabad, Greater Noida, Amritsar and Faridabad.Watch:
- Reported: Lemon Tree Hotels signed a 52-room Keys Select property in Bareilly under a franchise agreement on Tuesday.Reported: Watch:
Background
From 7 stories, the newest dated 16 Oct 2026. Summary written 16 Oct 2026.
Lemon Tree Hotels is an Indian hotel company that operates hotels under brands including Keys Select and Keys Prima.
Show 3 more paragraphs and 7 sources
Its subsidiary Carnation Hotels manages properties for the group. [1] source: CNBC-TV18[2] source: ET Hospitality Lemon Tree is separating hotel ownership from management: Fleur Hotels is to be listed separately, while Lemon Tree focuses on asset-light management and franchising. [3] source: Mint
Lemon Tree opened a 65-room Keys Prima by Lemon Tree Hotels property in Darjeeling in October 2026. It is the company's first hotel in the hill town and is managed by Carnation Hotels. [2] source: ET Hospitality On 13 October 2026 it signed a 52-room Keys Select hotel in Bareilly under a franchise agreement, taking its Uttar Pradesh portfolio to 26 properties, of which 18 are upcoming. [1] source: CNBC-TV18 On October 16, 2026, Omaxe signed an MoU with Carnation Hotels to operate 10 hotel projects with 4,000 keys, with an estimated investment of ₹4,000 crore. [4] source: Free Press Journal Business Mint reported in October 2026 that Fleur Hotels plans to deploy about $1 billion over four to five years, with a listing by the end of 2027. [3] source: Mint CNBC-TV18 reported a target of around 9,000 Fleur rooms before listing, against current inventory of around 6,000 rooms. [5] source: CNBC-TV18
In October 2026, Elara Capital and JM Financial each named Lemon Tree among their preferred hotel stocks ahead of Q2 FY27 results. [6] source: Mint[7] source: Business Today
Sources
Questions about Lemon Tree Hotels
What are Lemon Tree Hotels' expansion plans?
Lemon Tree Hotels opened a 65-room Keys Prima hotel in Darjeeling in October 2026 and signed a 52-room Keys Select franchise hotel in Bareilly in October 2026. It also signed an MoU with Omaxe in October 2026 for 10 hotel projects with 4,000 keys. [4] source: Free Press Journal Business[1] source: CNBC-TV18[2] source: ET Hospitality
Where and when is Lemon Tree Hotels opening new stores?
Lemon Tree Hotels opened a 65-room Keys Prima by Lemon Tree Hotels hotel in Darjeeling in October 2026. The property is on Old Kutchery Road, is its first hotel in the hill town, and is managed by subsidiary Carnation Hotels. [2] source: ET Hospitality
What is Lemon Tree Hotels' current strategy in India?
In October 2026 Lemon Tree Hotels planned to split ownership from management, with Fleur Hotels to list separately and Lemon Tree focusing on management and franchising.[3] source: Mint It signed a franchised Keys Select hotel in Bareilly [1] source: CNBC-TV18 and an MoU with Omaxe for 10 hotel projects.[4] source: Free Press Journal Business