Lemon Tree Hotels announced the mutual termination of a franchise agreement with M/s. Sparsh Inn LLP for the ‘Keys Select by Lemon Tree Hotels’ brand in Bareilly, Uttar Pradesh. The agreement, originally signed on May 10, 2024, pertained to a hotel that was not yet operational. The company stated that this termination will have no material financial impact.
Key Agreement Update
Lemon Tree Hotels Limited has officially communicated the mutual termination of a Franchise Agreement executed on May 10, 2024. This agreement was with M/s. Sparsh Inn LLP and concerned the use of the ‘Keys Select by Lemon Tree Hotels’ brand for a proposed hotel in Bareilly, Uttar Pradesh.
No Operational Impact
The company has clarified that the hotel associated with this franchise agreement was not in operations at the time of termination. Consequently, Lemon Tree Hotels has confirmed that there is no material financial impact on the company as a result of this termination.
This disclosure was made on June 01, 2026, in accordance with regulatory requirements.
Source: BSE
