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Lemon Tree Hotels

Lemon Tree Hotels Ltd.
Company typePublic
NSE: LEMONTREE
BSE: 541233
IndustryHospitality
Founded2002
FounderPatu Keswani
Headquarters6, Aerocity Hospitality District, New Delhi, 110037,
India
Number of locations
100 hotels (2024)[1]
Area served
India, UAE, Bhutan
WebsiteLemon Tree Hotels

Lemon Tree Hotels is an Indian hotel chain. It owns and operates 100 hotels with a total of 9700 rooms in 64 cities across India.[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 ₹ 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.[6]

Lemon Tree Hotels went public and was listed on the National Stock Exchange of India 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]

Corporate social responsibility

Currently, about 20% of group employees are from deprived and disabled segments of the population.[9][10]

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.[11] It is the largest corporate adopter of stray dogs in India.[12]

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.
  9. ^ "Lemon Tree Hotel - NASSCOM Foundation". 4 March 2016. Archived from the original on 4 March 2016.
  10. ^ "Lemon Tree wins 'Best Employer' National Award – Hotelier People". HotelierIndia.com. Retrieved 1 December 2016.
  11. ^ "Keswani's Dog Employees". Business Today. 19 March 2021.
  12. ^ "Travel Trends Today". Traveltrendstoday.in. 10 August 2016. Retrieved 1 December 2016.
Retrieved from "https://en.Wik.ipedia.Pro.org/w/index.php?title=Lemon_Tree_Hotels&oldid=1221905945"

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