Lemon Tree Hotels Explained

Lemon Tree Hotels Ltd.
Type:Public
Traded As:
Foundation:2002
Founder:Patu Keswani
Location Country:India
Location:6, Aerocity Hospitality District, New Delhi, 110037
Locations:100 hotels (2024)[1]
Area Served:India, UAE, Bhutan
Industry:Hospitality
Website:Lemon 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

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]

Notes and References

  1. Web site: Lemon Tree Hotels launches its 100th property with the opening of Lemon Tree Premier Malad Mumbai. The Economic Times-The Times of India. 17 December 2023.
  2. Web site: Lemon Tree Hotels News - Lemon Tree Hotels Announcement, Latest News on Lemon Tree Hotels . 2024-01-15 . The Economic Times.
  3. Web site: Lemon Tree Hotels launches its eighth property in Uttarakhand with Lemon Tree Hotel, Mukteshwar - ET HospitalityWorld . ETHospitalityWorld.com . en.
  4. News: Lemon Tree Hotels founded in September 2002 by Patu Keswani - Times of India. The Times of India. 2018-08-23.
  5. Web site: IPO : Issues Open Now >> Lemon Tree Hotels Ltd. : Services. moneycontrol.com. 2018-08-23.
  6. News: Mohile. Shally. Lemon Tree to buy Keys Hotels for Rs 471 cr, deal likely in two months. 1 July 2019. Business Standard. 23 March 2020.
  7. News: Lemon Tree Hotels makes decent debut, lists at 10% premium over issue price. Verma. Swati. 2018-04-09. The Economic Times. 2018-08-23.
  8. News: Lemon Tree Hotels Plans To Expand Betting On Growing Demand. BloombergQuint. 2018-08-23.
  9. Web site: Lemon Tree Hotel - NASSCOM Foundation. 4 March 2016. https://web.archive.org/web/20160304200253/https://nasscomfoundation.org/get-engaged/nasscom-social-innovation-forum/past-winners/winners-2015/lemon-tree-hotel.html . 4 March 2016 .
  10. Web site: Lemon Tree wins 'Best Employer' National Award – Hotelier People . HotelierIndia.com . 2016-12-01.
  11. Web site: Keswani's Dog Employees . Business Today . en . 19 March 2021.
  12. Web site: Travel Trends Today . Traveltrendstoday.in . 2016-08-10 . 2016-12-01.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Lemon Tree Hotels".

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