Lemon Tree Hotels Expands in Nepal with New Property in Simara

Original: Lemon Tree Hotels expands Nepal presence with new hotel signing in Simara

Business Standard•Apr 3, 20262 min

In a Nutshell

Lemon Tree Hotels has signed a new property in Simara, Nepal, expanding its portfolio to seven hotels in the country. The new hotel will feature 98 rooms and various amenities, catering to modern travelers and aligning with the company's strategy to grow in high-demand markets.

Key Points

01Lemon Tree Hotels expands its presence in Nepal with a new hotel in Simara.
02The new property will include 98 rooms and various amenities for travelers.
03This signing increases Lemon Tree's portfolio in Nepal to seven properties.
04The hotel will be managed by Carnation Hotels, a subsidiary of Lemon Tree Hotels.
05The company reported a slight increase in net profit and a significant rise in revenue.

In-Article Ad

Full Summary

Lemon Tree Hotels has announced the signing of a new property in Simara, Nepal, marking a significant expansion of its presence in the country. With this addition, the company's portfolio in Nepal will grow to seven properties, including two operational hotels and five upcoming projects. The new hotel, managed by Carnation Hotels, will feature 98 rooms and is designed to cater to modern travelers, offering a multi-cuisine restaurant, lounge, extensive banquet and conference facilities, as well as wellness amenities like a swimming pool, spa, and fitness center. Neelendra Singh, Managing Director & CEO of Lemon Tree Hotels, emphasized the attractiveness of the Nepalese market, noting the expanding demand in gateway and transit-led cities. The company's recent financial performance shows a marginal rise in consolidated net profit to ₹62.67 crore in Q3 FY26, compared to ₹62.49 crore in Q3 FY25, with revenue from operations increasing by 14.3% year-on-year to ₹406.05 crore.

Key Figures

₹62.67 crore

Consolidated net profit for Q3 FY26

14.3%

Year-on-year increase in revenue from operations

98

Number of rooms in the new hotel

In-Article Ad

Why It Matters

The new hotel in Simara will create jobs and boost local tourism, providing more accommodation options for travelers in the region.

Who is affected

local businesses, travelers, and job seekers in Simara

What to know

Local businesses should prepare for increased tourist traffic and consider partnerships with the hotel for services.

FAQ

The new hotel will feature 98 rooms, a multi-cuisine restaurant, lounge, extensive banquet and conference facilities, a swimming pool, spa, and fitness center.

With the new signing in Simara, Lemon Tree Hotels will have a total of seven properties in Nepal.

✦