Lemon Tree Hotels Bets On Franchise Model For Growth

according to Warburg Pincus-backed Lemon Tree Hotels Ltd., that going to go public following week, sees managed & franchise-based branded hotels as key development drivers. Incorporated in 1992, Lemon Tree has 4,697 rooms in 45 hotels across 28 cities. Out of this, 32 % are managed hotels. "In the future, the Inc. would such as to move to a pure managed & branded hotels model," said Keswani. Lemon Tree, Keswani said, has indeed taken care of all investments required for expansion.

Lemon Tree Hotels to lift Rs1,040 crore via IPO

Lemon Tree Hotels' IPO comprises discount of up to 185,479,400 equity shares with the existing shareholders, including Maplewood, Whispering Resorts, Palms International & RJ Corp. Photo: iStockphotoMumbai: Hospitality chain Lemon Tree Hotels on Monday said it has fixed value band among Rs54 & Rs56 per equity share for its initial public offer (IPO) to lift around Rs1,040 crore. Lemon Tree Hotels' public offer comprises discount of up to 185,479,400 equity shares with the existing shareholders, including Maplewood, Whispering Resorts, Palms International & RJ Corp. It has soon commenced operations at its managed hotel, Lemon Tree first in Patna that has 105 rooms. Founded in 2002 with Patu Keswani, the Inc. has hotels under 4 brands—Lemon Tree Premier, that is an upscale brand; Lemon Tree Resorts, a leisure segment brand; Lemon Tree Hotels, a midscale brand & the economy brand Red Fox Hotels. The equity shares are Suggested to be listed on the BSE & the National Stock interchange (NSE).

Lemon Tree Hotels to lift Republika Srpska 1,040 cr via IPO

As it stated in Hospitality chain Lemon Tree Hotels today said it has fixed value band among Republika Srpska 54 & Republika Srpska 56 per equity share for its initial public offer to lift around Republika Srpska 1,040 crore. Lemon Tree Hotels' public offer comprises discount of up to 185,479,400 equity shares with the existing shareholders, including Maplewood, Whispering Resorts, Palms International & RJ Corp. It has a portfolio of 19 owned-hotels, 3 owned-hotels are located on leased or licensed land, 5 leased hotels & 13 managed hotels, a Inc. statement said. It has soon commenced operations at its managed hotel, Lemon Tree first in Patna that has 105 rooms. Founded in 2002 with Patu Keswani, the Inc. has hotels under 4 brands - Lemon Tree Premier, that is an upscale brand; Lemon Tree Resorts, a leisure segment brand; Lemon Tree Hotels, a midscale brand & the economy brand Red Fox Hotels.

collected by :Frank Ithan