Lemon Tree Hotels Limited has signed a License Agreement for a 69 room property located at Viman Nagar, Pune, Maharashtra under the Company’s brand ‘Lemon Tree Hotel’. The hotel is expected to be operational by March 2019 and shall be 3rd hotel beside other 2 owned hotels of the Company In Pune. Carnation Hotels Private Limited, the hotel management arm of the Company will be operating and marketing this hotel.