July 25, 2016 1:05 PM ET

Hotels, Restaurants and Leisure

Company Overview of Lemon Tree Hotels Ltd.

Company Overview

Lemon Tree Hotels Ltd. owns and operates a chain of business and leisure hotels in India. Its amenities include restaurants, cafés, recreation bars, pools, fitness centers, and business centers and meeting rooms. Lemon Tree Hotels Ltd. was formerly known as Krizm Hotels Pvt. Ltd. The company was incorporated in 1992 and is based in New Delhi, India with hotels in Ahmedabad, Aurangabad, Bangalore, Chandigarh, Chennai, Dehradun, Delhi, Goa, Gurgaon, Hyderabad, Indore, Jaipur, Kerala, Pune, and Vadodara, India.

Asset No. 6

Aerocity Hospitality District

IGI Airport

New Delhi,  110037

India

Founded in 1992

Phone:

91 11 4605 0101

Fax:

91 11 4605 0110

Key Executives for Lemon Tree Hotels Ltd.

Chairman and Managing Director
President and Chief Revenue Officer
Chief Financial Officer and Executive Vice President of Finance
Executive Vice President of Corporate Affairs
Executive Vice President of Projects & Engineering Services
Compensation as of Fiscal Year 2016.

Lemon Tree Hotels Ltd. Key Developments

Investors Reportedly Eye Lemon Tree Hotels

The Blackstone Group L.P. (NYSE:BX), TPG Capital, L.P. and Capital International Group Inc. are reportedly in talks to invest $120-150 million to acquire a 10%-15% stake in Lemon Tree Hotels Ltd. from Warburg Pincus LLC and APG Asset Management. The transaction is seen as a pre-IPO round of funding as the company is intend to go public by the last quarter of this fiscal 2017 or early next fiscal year, multiple sources aware of the negotiations told ET. Blackstone, TPG and Warburg Pincus declined to comment. Lemon Tree, Capital International and APG didn't respond to emails

Lemon Tree Hotels Reportedly Eyes IPO by 2017

Lemon Tree Hotels Ltd. is reportedly seeking financing. It intends to go public by the last quarter of this fiscal 2017 or early next fiscal year, multiple sources aware of the negotiations told Economic Times. The company is aiming to raise another INR 10 billion from the Initial Public Offer, sources said.

The Lemon Tree Hotel Company Appoints Vikramjit Singh as the President and Chief Revenue Officer

The Lemon Tree Hotel Company announced Vikramjit Singh as the President and Chief Revenue Officer of the company. As President, Singh will be responsible for Sales, Marketing and Business Development for the company. He will report directly to Patu Keswani, the Chairman and Managing Director of Lemon Tree Hotels. Vikramjit Singh is one of the founding members of the Lemon Tree Hotels' team and joined the group in 2005. He was the Chief Sales Officer of the Company before being promoted as President. Singh has assumed his current position effective April, 2016.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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