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| Exchange Received Time 16/10/2018 16:39:33 Exchange Disseminated Time 16/10/2018 16:39:41 Time Taken 00:00:08 | With reference to the captioned subject, we would like to inform that the Company has signed a License Agreement for a 70 room property located near BKC, Mumbai under the Company's brand 'Lemon Tree Hotel'. The Hotel is expected to be operational by June, 2019.
Carnation Hotel Private Limited, the hotel management arm of the Company will be operating and marketing this Hotel.
This Hotel is addition to the two (2) other upcoming owned hotels of the Lemon Tree Group in Mumbai with a combined inventory of approx 1000 rooms.
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