Lemon Tree Hotels
 | |
 A Lemon Tree property inHyderabad | |
| 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 |
| Website | Lemon Tree Hotels |
Lemon Tree Hotelsis an Indianhotel 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
[edit]Lemon Tree Hotels was founded in 2002 byPatu 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 theNational Stock Exchange of Indiaon 9 April 2018.[7]
Operations
[edit]
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
[edit]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
[edit]- ^"Lemon Tree Hotels launches its 100th property with the opening of Lemon Tree Premier Malad Mumbai".The Economic Times-The Times of India.Retrieved17 December2023.
- ^"Lemon Tree Hotels News - Lemon Tree Hotels Announcement, Latest News on Lemon Tree Hotels".The Economic Times.Retrieved15 January2024.
- ^"Lemon Tree Hotels launches its eighth property in Uttarakhand with Lemon Tree Hotel, Mukteshwar - ET HospitalityWorld".ETHospitalityWorld.
- ^"Lemon Tree Hotels founded in September 2002 by Patu Keswani - Times of India".The Times of India.Retrieved23 August2018.
- ^"IPO: Issues Open Now >> Lemon Tree Hotels Ltd.: Services".moneycontrol.Retrieved23 August2018.
- ^Mohile, Shally (1 July 2019)."Lemon Tree to buy Keys Hotels for Rs 471 cr, deal likely in two months".Business Standard.Retrieved23 March2020.
- ^Verma, Swati (9 April 2018)."Lemon Tree Hotels makes decent debut, lists at 10% premium over issue price".The Economic Times.Retrieved23 August2018.
- ^"Lemon Tree Hotels Plans To Expand Betting On Growing Demand".BloombergQuint.Retrieved23 August2018.
- ^"Lemon Tree Hotel - NASSCOM Foundation".4 March 2016. Archived fromthe originalon 4 March 2016.
- ^"Lemon Tree wins 'Best Employer' National Award – Hotelier People".HotelierIndia.Retrieved1 December2016.
- ^"Keswani's Dog Employees".Business Today.19 March 2021.
- ^"Travel Trends Today".Traveltrendstoday.in. 10 August 2016.Retrieved1 December2016.