Lemon Tree Hotels

Lemon Tree Hotels is an Indian hotel chain. It owns and operates 84 hotels with a total of 8300 rooms in 52 cities across India.[2]

Lemon Tree Hotels Ltd.
TypePublic
NSE: LEMONTREE
BSE: 541233
IndustryHospitality
Founded2002
FounderPatu Keswani
Headquarters6, Aerocity Hospitality District, New Delhi, 110037,
India
Number of locations
84 hotels (2019)[1]
Area served
India
WebsiteLemon Tree Hotels

According to the Horwath Report, Lemon Tree Hotels is India's largest hotel chain in the mid-priced hotel sector and the 3rd largest overall in terms of controlling interest in owned and leased rooms as of 30 June 2017.[3][4][5][6][7]

History

Lemon Tree Hotels was founded in 2002 by Patu Keswani.[8] It opened its first hotel with 49 rooms in May 2004.[9]

In 2019, the company acquired Berggruen Hotels Private Limited for an enterprise value of ₹ 605 crores. At the time of acquisition, Berggruen Hotels owned 936 rooms and managed 975 rooms under the "Keys" brand in 21 cities across India.[10]

Lemon Tree Hotels went public and was listed on the National Stock Exchange of India on 9 April 2018.[11]

Operations
A Lemon Tree property in Hyderabad
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.[12]

Corporate social responsibility

Currently, about 20% of group employees are from deprived and disabled segments of the population.[13][14]

All Lemon Tree Hotels adopt a stray dog from that area and make it a mascot. Stray dogs are groomed and given specific duties in the hotels.[15] It is the largest corporate adopter of stray dogs in India.[16]

References
  1. "Lemon Tree Hotels to invest Rs 600 crore by next fiscal end". The Economic Times-The Times of India. Retrieved 30 November 2014.
  2. "Lemon Tree Hotels News - Lemon Tree Hotels Announcement, Latest News on Lemon Tree Hotels". The Economic Times. Retrieved 23 August 2018.
  3. "Lemon Tree Hotels files for IPO; Warbug Pincus to partially exit". VCCircle. 21 September 2017. Retrieved 23 August 2018.
  4. "Lemon Tree Hotels' Audacious Plan | Forbes India". Forbes India. Retrieved 23 August 2018.
  5. "Lemon Tree Hotels enters Vadodara". The Hindu Business Line. 3 February 2015. Retrieved 5 June 2015.
  6. "Forbes India Magazine - Lemon Tree Hotels' Audacious Plan". Forbes.
  7. Chitravanshi, Ruchika (5 April 2014). "Lemon Tree Hotels eyeing luxury sector". Business Standard.
  8. "Lemon Tree Hotels founded in September 2002 by Patu Keswani has acquired the erstwhile 130-room Clarion Hotel in Whitefield, Bangalore for Rs 64 crore in an all-cash deal. An additional Rs 11 crore will be spent on renovating and rebranding. "As the dominant player in the mid-market hotel segment, Lemon Tree Hotels is currently the third largest hotel owner in India, with over 2,850 operating rooms and another 1,200 under development," said Patu Keswani, chairman and MD, The Lemon Tree Hotel Company. - Times of India". The Times of India. Retrieved 23 August 2018.
  9. "IPO : Issues Open Now >> Lemon Tree Hotels Ltd. : Services". moneycontrol.com. Retrieved 23 August 2018.
  10. 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.
  11. 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.
  12. "Lemon Tree Hotels Plans To Expand Betting On Growing Demand". BloombergQuint. Retrieved 23 August 2018.
  13. "Lemon Tree Hotel - NASSCOM Foundation". 4 March 2016. Archived from the original on 4 March 2016.
  14. "Lemon Tree wins 'Best Employer' National Award – Hotelier People". HotelierIndia.com. Retrieved 1 December 2016.
  15. "Keswani's Dog Employees". Business Today. 19 March 2021.
  16. "Travel Trends Today". Traveltrendstoday.in. 10 August 2016. Retrieved 1 December 2016.
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