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| Exchange Received Time 16/08/2018 15:43:44 Exchange Disseminated Time 16/08/2018 15:43:48 Time Taken 00:00:04 | With reference to the captioned subject, we would like to inform that the Company has signed a License Agreement for a 90 room property at Vijayawada, Andhra Pradesh under the Company's brand 'Red Fox Hotel'. The Hotel is expected to be operational by June, 2020.
This is the second signed property of the Lemon Tree Hotels group in Vijayawada, the commercial headquarters of Andhra Pradesh.
Carnation Hotel Private Limited, the hotel management arm of the Company will be operating and marketing this Hotel.
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