Bandipur Cable Car and Tourism Limited has entered into a long-term hotel management and franchise partnership with India-based Lemon Tree Hotels Limited, marking a significant milestone in the company’s expansion strategy. The agreement was signed on 2082/08/29 (Nepali calendar) at 3:30 PM local time in New Delhi, India, in accordance with regulatory disclosure requirements.
Under the agreement, Bandipur Cable Car and Tourism Limited has signed a Hotel Operating Agreement and License Agreement with Carnation Hotels Pvt. Ltd., a subsidiary of Lemon Tree Hotels Limited, for the operation of its hotel property, Hotel Queen Tower, located in Bandipur. The partnership will be effective for a period of 15 years, during which the hotel will be operated under Lemon Tree Hotels’ internationally recognized brand.
Signing Ceremony and Regulatory Disclosure
The agreement was formally signed at Lemon Tree Hotels’ corporate headquarters in New Delhi. On behalf of Bandipur Cable Car and Tourism Limited, Chief Authorized Consultant Bishnu Panthi signed the agreement, while Vilas Pawar, Chief Executive Officer of Lemon Tree Hotels Limited, represented the Indian hospitality group.
The company has disclosed the development in line with Securities Listing Regulations, 2075, Regulation 22 (1) (gh), which mandates the timely disclosure of decisions that may have an impact on a company’s share price. As the agreement is considered a material development with potential long-term financial implications, the company notified the concerned authorities accordingly.
Scope of the Agreement
As per the agreement, Lemon Tree Hotels will be responsible for the overall management, branding, and operation of the hotel. This includes international branding and marketing, service quality control, human resource development and training, and access to Lemon Tree Hotels’ global reservation and distribution systems.
The collaboration is expected to significantly enhance the hotel’s visibility in international markets, improve operational efficiency, and ensure service delivery aligned with global hospitality standards. The hotel will be repositioned and operated under Lemon Tree Hotels’ brand identity, leveraging the group’s established reputation and operational expertise.
Strategic Importance
With a presence of more than 100 hotels and over 9,000 rooms across India, the Middle East, and several Asian countries, Lemon Tree Hotels brings a strong global network and access to corporate travel segments and international tour operators. The company believes this partnership will play a vital role in promoting it as a premium international tourist destination.
Bandipur Cable Car and Tourism Limited has described the agreement as a strategic milestone, stating that collaboration with a leading international hotel brand is expected to result in higher occupancy rates, increased foreign currency earnings, and more stable long-term revenue streams. The partnership is also anticipated to strengthen the company’s brand value and enhance investor confidence.
Economic and Local Impact
Beyond corporate and financial benefits, the agreement is expected to have a positive impact on the local economy. The company anticipates an increase in international tourist arrivals to Bandipur, leading to the creation of new employment opportunities at the local level. Improvements in service quality, hospitality standards, and tourism-related infrastructure are also expected as a result of the collaboration.
According to the company, the hotel in Bandipur will soon be officially launched under the Lemon Tree Hotels brand, following necessary operational and branding preparations. Once operational, the property is expected to meet international hospitality benchmarks while complementing Bandipur’s cultural and natural tourism appeal.
With this long-term management and franchise agreement, Bandipur Cable Car and Tourism Limited aims to strengthen its position in Nepal’s growing tourism and hospitality sector. The partnership with Lemon Tree Hotels is expected to deliver sustainable growth, enhance destination branding, and contribute to the broader development of tourism in Bandipur in the years ahead.
