Lemon Tree Hotels announced the signing of a franchise deal for its future hotel, Keys Select by Lemon Tree Hotels, in Shivpuri, Madhya Pradesh. The hotel is set to open in the fiscal year 2026. This new addition will have 50 well-appointed rooms, a restaurant, a bar, a swimming pool, and other public areas.
The property is advantageously positioned, with the Rajmata Vijayaraje Scindia Airport in Gwalior around 134 kilometers distant and the Shivpuri Railway Station just 1 kilometer away. The hotel is conveniently accessible via public and private transportation.
Vilas Pawar, CEO of Lemon Tree Hotels‘ Managed & Franchise Business, expressed his excitement about the growth, saying, “We are thrilled to announce the extension of our portfolio in Shivpuri, the town of historic temples and cultural history. As Lemon Tree Hotels extends its footprint across the country in cities of all sizes, the hospitality firm strives to become the most sought hotel chain in all categories. This establishment will join our four current and one new hotels in Madhya Pradesh.”
Lemon Tree Hotels now operates over 160 hotels, including more than 110 operating locations, with over 60 more slated to launch in India and abroad.
Earlier this month, Lemon Tree Hotels posted a profit of Rs 19.81 crore for the fiscal first quarter, a 15.55% decline from Rs 23.46 crore in Q1 FY24. However, the company’s income from operations increased by 19.52% year on year to Rs 268.02 crore in Q1 FY25.
