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| Exchange Received Time 18/04/2018 17:54:22 Exchange Disseminated Time 18/04/2018 17:54:24 Time Taken 00:00:02 | Intimation under Regulation 30 of SEBI(Listing Obligations & Disclosure Requirements) Regulations, 2015
With reference to the captioned subject, we would like to inform that the Company's wholly owned subsidiary Carnation Hotels Private Limited has executed three Hotel Operating Agreements for operating and managing the three(3) properties as per below details:
1. Neelkanth, Uttarakhand for a Property of 80 rooms to be operated under the Company's brand 'Red Fox' hotel and is expected to be operational by February, 2019.
2. Mussoorie, Uttarakhand for a Property of 40 rooms to be operated as 'Lemon Tree Resort, Mussoorie' and is expected to be operational by September, 2019.
3. Rishikesh, Uttarakhand for a Property of 66 rooms to be operated under the Company's brand 'Lemon Tree Premier' and is expected to be operational by March, 2020.
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