Lemon Tree Hotels reports record expansion in FY26 with 56 signings, 20 openings

As of 31 March 2026, the company?s total portfolio stood at 269 hotels, comprising 131 operational properties and a pipeline of 138 hotels.

The company?s operational portfolio has now surpassed 130 hotels with over 11,000 keys across more than 80 destinations. This growth reflects its capital-efficient strategy aimed at rapid scale while maintaining operational consistency and strong partner alignment.

Expansion during the year was led by a focus on high-growth urban markets, tier II and III cities, and emerging leisure destinations, in line with evolving travel demand across India. The company strengthened its presence in pilgrimage destinations such as Tirupati, Ayodhya, and Somnath; leisure markets including Malshej Ghat, Khurpatal, and Barog; and industrial hubs like Bhilai, Rudrapur, and Mhow. This diversified footprint positions the company to capture demand across religious, leisure, and business travel segments.

The development pipeline remained well-diversified across its brand portfolio. The core Lemon Tree Hotels brand led with 27 signings, followed by 9 signings under Lemon Tree Premier. The Keys portfolio added 18 signings, reflecting continued traction in value-driven segments, while selective additions under Aurika Hotels & Resorts and Lemon Tree Resort marked a calibrated push into upscale and leisure markets.

On the operational front, the company opened 20 hotels during the year. The Lemon Tree Hotels brand accounted for 12 openings, while Lemon Tree Premier and Keys Lite added 3 each, and Keys Select contributed 2 openings.

Neelendra Singh, managing director of Lemon Tree Hotels, said, ?Lemon Tree Hotels was founded to bridge a critical gap in India?s midscale hospitality sector by delivering reliable, branded experiences. As the market reaches a new level of maturity, our next phase of growth is focused on scaling that core proposition across a much wider geographic network. We are moving beyond the traditional six-city model because the Indian traveler is now everywhere, and our network is expanding to meet them where they are, while maintaining the discipline and consistency that define our brand.?

Lemon Tree Hotels (LTHL) is one of the largest hotel chains in India and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale, and economy segments. The group offers seven brands to meet guests? needs across all levels, viz., Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels by Lemon Tree Hotels, Keys Prima by Lemon Tree Hotels, Keys Select by Lemon Tree Hotels, and Keys Lite by Lemon Tree Hotels.

The company reported a marginal rise in consolidated net profit to Rs 62.67 crore in Q3 FY26, compared with Rs 62.49 crore in Q3 FY25. Revenue from operations jumped 14.3% year-on-year to Rs 406.05 crore in the quarter ended 31 December 2025.

The counter slipped 1.84% to end at Rs 112.30 on the BSE.