Lemon Tree Hotels
 | |
 A Lemon Tree property in Hyderabad | |
| Type | Public |
|---|---|
| NSE: LEMONTREE BSE: 541233 | |
| Industry | Hospitality |
| Founded | 2002 |
| Founder | Patu Keswani |
| Headquarters | 6, Aerocity Hospitality District, New Delhi, 110037, India |
Number of locations | 100 hotels (2024)[1] |
Area served | India, Bhutan, Nepal |
| Key people | Neelendra Singh (MD) |
| Website | Lemon Tree Hotels |
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
[edit]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
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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
[edit]- ↑ "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.
- ↑ "Lemon Tree Hotels News - Lemon Tree Hotels Announcement, Latest News on Lemon Tree Hotels". The Economic Times. Retrieved 15 January 2024.
- ↑ "Lemon Tree Hotels launches its eighth property in Uttarakhand with Lemon Tree Hotel, Mukteshwar - ET HospitalityWorld". ETHospitalityWorld.com.
- ↑ "Lemon Tree Hotels founded in September 2002 by Patu Keswani - Times of India". The Times of India. Retrieved 23 August 2018.
- ↑ "IPO : Issues Open Now >> Lemon Tree Hotels Ltd. : Services". moneycontrol.com. Retrieved 23 August 2018.
- ↑ 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.
- ↑ 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.
- ↑ "Lemon Tree Hotels Plans To Expand Betting On Growing Demand". BloombergQuint. Retrieved 23 August 2018.
