
Lemon Tree Hotels Ltd
Past performance
About Lemon Tree Hotels Ltd Lemon Tree Hotels Limited, established in 1992, specializes in developing, owning, and managing hotels, motels, resorts, and restaurants across India. The company has expanded to 56 hotels with approximately 5,525 rooms in 33 cities, including metro areas like NCR, Bengaluru, and Chennai, as well as tier I and II cities. It operates under three brands: Lemon Tree Premier, targeting upper-midscale business and leisure travelers; Lemon Tree Hotels, catering to the midscale segment; and Red Fox by Lemon Tree Hotels, focused on the economy segment.
Led by founder Patanjali Govind Keswani, Lemon Tree Hotels has grown through strategic acquisitions and expansions, backed by investors such as Warburg Pincus and APG. The company was publicly listed in 2018, with its shares trading on BSE and NSE. Recent expansions include major projects near Mumbai International Airport and luxury ventures in Ranthambore. Its strategic acquisitions and restructuring efforts, including making Carnation Hotels a wholly-owned subsidiary, demonstrate its commitment to growth and diversification within the hospitality industry.
Performance overview
