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Lemon Tree Hotels is an Indian hotel chain. It owns and operates 130+ hotels, 11,700+ rooms and 80+ cities.[2]

According to the Horwath Report, Lemon Tree Hotels is India’s largest hotel chain in the mid-priced hotel sector as of 30 June 2017.[3]

History

Lemon Tree Hotels was founded in 2002 by Patu Keswani.[4] It opened its first hotel with 49 rooms in May 2004.[5]

In 2019, the company acquired Berggruen Hotels Private Limited for an enterprise value of ₹ 600 crores. At the time of acquisition, Berggruen Hotels owned 936 rooms and managed 975 rooms under the “Keys” brand in 21 cities across India.[6]

Lemon Tree Hotels Limited went public and was listed on the National Stock Exchange of India and Bombay Stock Exchange on 9 April 2018.[7]

Operations

A Lemon Tree hotel in Aurangabad

The company operates under 7 brands, namely Aurika Hotels and Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox by Lemon Tree Hotels, Keys Prima, Keys Select, and Keys Lite.[8]

References

  1. ^ “Lemon Tree Hotels launches its 100th property with the opening of Lemon Tree Premier Malad Mumbai”. The Economic Times-The Times of India. Retrieved 17 December 2023.
  2. ^ “Lemon Tree Hotels News – Lemon Tree Hotels Announcement, Latest News on Lemon Tree Hotels”. The Economic Times. Retrieved 15 January 2024.
  3. ^ “Lemon Tree Hotels launches its eighth property in Uttarakhand with Lemon Tree Hotel, Mukteshwar – ET HospitalityWorld”. ETHospitalityWorld.com.
  4. ^ “Lemon Tree Hotels founded in September 2002 by Patu Keswani – Times of India”. The Times of India. Retrieved 23 August 2018.
  5. ^ “IPO : Issues Open Now >> Lemon Tree Hotels Ltd. : Services”. moneycontrol.com. Retrieved 23 August 2018.
  6. ^ Mohile, Shally (1 July 2019). “Lemon Tree to buy Keys Hotels for Rs 471 cr, deal likely in two months”. Business Standard. Retrieved 23 March 2020.
  7. ^ Verma, Swati (9 April 2018). “Lemon Tree Hotels makes decent debut, lists at 10% premium over issue price”. The Economic Times. Retrieved 23 August 2018.
  8. ^ “Lemon Tree Hotels Plans To Expand Betting On Growing Demand”. BloombergQuint. Retrieved 23 August 2018.