Lemon Tree Hotels

Last updated

Lemon Tree Hotels Ltd.
Company type Public
NSE:  LEMONTREE
BSE:  541233
IndustryHospitality
Founded2002
Founder Patu Keswani
Headquarters6, 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 Hotels is an Indian hotel chain. It owns and operates 100 hotels with a total of 9700 rooms in 64 cities across India. [2]

Contents

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 At Lemon Tree Hotel, Aurangabad (50749479868).jpg
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]

Related Research Articles

<span class="mw-page-title-main">Leona Helmsley</span> American businesswoman

Leona Roberts Helmsley was an American businesswoman. Her flamboyant personality and reputation for tyrannical behavior earned her the nickname Queen of Mean.

<span class="mw-page-title-main">Marriott International</span> American multinational hospitality company

Marriott International, Inc. is an American multinational company that operates, franchises, and licenses lodging brands that include hotel, residential, and timeshare properties. Marriott International owns over 30 hotel and timeshare brands with 8,785 locations and 1,597,380 rooms across its network. Marriott International is headquartered in Bethesda, Maryland. The company was founded by J. Willard Marriott (1900–1985) and his wife Alice Marriott (1907–2000).

<span class="mw-page-title-main">Sant Singh Chatwal</span> Indian-American businessman

Sant Singh Chatwal is an Indian American businessman and founder of the Dream Hotel Group where he is chair of the board. He has founded numerous hotel brands including The Chatwal, Dream Hotels, Time Hotels, and Unscripted Hotels, which operate in the United States and internationally.

HotelF1 is a French economy hotel brand owned by Accor. Created by Accor in 1984 in France under the name Formule 1, it was renamed HotelF1 in 2007 and later revamped as a road trip-themed hotel brand. HotelF1 manages 172 hotels in France (2018).

<span class="mw-page-title-main">La Quinta Inns & Suites</span> North and Central American hotel chain

La Quinta Inns & Suites is a chain of limited service hotels in the United States, Canada, Mexico, and Honduras. La Quinta Holdings, Inc. first sold shares to the public in April 2014. La Quinta has headquarters in Irving, Texas. As of December 31, 2018, the company owns and operates 914 properties with 89,456 rooms.

<span class="mw-page-title-main">Baymont Inn & Suites</span> American hotel chain

Baymont Inn & Suites is a hotel franchise owned by Wyndham Hotels & Resorts and based in the United States. As of December 31, 2018, it has 513 properties with 40,541 rooms.

<span class="mw-page-title-main">Indian Hotels Company Limited</span> Hotel hospitality company

The Indian Hotels Company Limited (IHCL) is an Indian hospitality company that manages a portfolio of hotels, resorts, jungle safaris, palaces, spas and in-flight catering services. The company is part of India's Tata Group. IHCL was founded in 1902 by Jamsetji Tata and is headquartered in Mumbai where its flagship hotel Taj Mahal Palace Hotel is also located.

<span class="mw-page-title-main">The Ritz-Carlton Hotel Company</span> American multinational luxury hotel chain

The Ritz-Carlton Hotel Company, LLC is an American multinational company that operates the luxury hotel chain known as The Ritz-Carlton. The company has 108 luxury hotels and resorts in 30 countries and territories with 29,158 rooms, in addition to 46 hotels with 8,755 rooms planned for the future.

<span class="mw-page-title-main">Travelodge (British company)</span> British budget hotel chain

Travelodge Hotels Limited, trading as Travelodge, is a private company operating in the hotels and hospitality industry throughout the United Kingdom, Ireland and Spain.

Karumkulam is a village in Thiruvananthapuram district in the state of Kerala, India.

<span class="mw-page-title-main">Street dog</span> Unconfined dogs that live in cities

Street dogs, known in scientific literature as free-ranging urban dogs, are unconfined dogs that live in cities. They live virtually everywhere cities exist and the local human population allows, especially in the developing world. Street dogs may be stray dogs, pets which have strayed from or are abandoned by their owners, or may be feral animals that have never been owned. Street dogs may be stray purebreds, true mixed-breed dogs, or unbred landraces such as the Indian pariah dog. Street dog overpopulation can cause problems for the societies in which they live, so campaigns to spay and neuter them are sometimes implemented. They tend to differ from rural free-ranging dogs in their skill sets, socialization, and ecological effects.

<span class="mw-page-title-main">Kochouseph Chittilappilly</span> Indian businessman and activist

'Kochouseph Thomas Chittilappilly is an Indian business magnate, writer, investor and philanthropist. He is the founder, Chairman and Chief Executive Officer of V-Guard Industries, a chain of amusement parks called Wonderla, a real estate apartment construction venture Veegaland Homes https://www.veegaland.com/#slider/1 and a wellness park & event hub named Chittilappilly Square https://www.chittilappillysquare.com/. K. Chittilappilly Foundation, a non profit organization founded by him is engaged in charitable and philanthropic activities. Chittilappilly is a recipient of the Rashtriya Samman award from the Government of India for being among the highest taxpayers and the Newsmaker of the Year 2011 award from Malayala Manorama.

<span class="mw-page-title-main">Vikram Chatwal</span> American hotelier and actor

Vikram Chatwal is an American hotelier and actor.

The Residency Group of Hotels is a hotel chain in India, with luxury, business, and boutique hotels across the region. The group's parent company is the Chennai-based Appaswamy Real Estates Ltd., which was founded in 1959. The group forayed into the hospitality sector in 1991 and currently operates six hotels in four locations with over 500 rooms. Ravi Appasamy acts as managing director with Rohit Ravi as director. B. Gopinath handles all the hotels as chief operating officer of The Residency Group.

Sinclairs Hotels Ltd. operates in the hospitality sector and runs a chain of hotels and resorts. The company owns nine properties in India at Ooty, Burdwan, Siliguri, Darjeeling, Kalimpong, Dooars, Port Blair, Gangtok, and Yangang.

Patu Keswani is the Chairman and Managing Director of Lemon Tree Hotels.

<span class="mw-page-title-main">Oyo Rooms</span> Indian hospitality company

OYO Rooms, also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces. Founded in 2012 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries.

<span class="mw-page-title-main">Treebo Hotels</span> Indian Hotel Chain

Treebo Hotels is an Indian hotel chain that operates on a franchising model. As of October 2023, Treebo Hotel owns over 1000 hotels in 120 cities throughout India.

<span class="mw-page-title-main">EaseMyTrip</span> Indian online travel company

EaseMyTrip is an Indian online travel company, headquartered in New Delhi. It was founded in 2008 by Nishant Pitti, Rikant Pitti, and Prashant Pitti. The company provides hotel bookings, air tickets, domestic and international holiday packages, bus bookings, and white-label services. EaseMyTrip has overseas offices in Singapore, UAE and Thailand with country-specific websites for UAE, UK and Thailand.

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.