Lemon Tree Hotels Limited'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.