Lemon Tree Hotels
Indian hotel chain
From Wikipedia, the free encyclopedia
Lemon Tree Hotels is an Indian hotel chain. It owns and operates 130+ hotels, 11,700+ rooms and 80+ cities.[2]
 | |
 A Lemon Tree property in Hyderabad | |
Company 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, UAE, Bhutan, Nepal |
Key people | Neelendra Singh (MD) |
| Website | Lemon Tree Hotels |
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
.jpg)
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]