March 24, 2018 4:48 AM ET

Hotels, Restaurants and Leisure

Company Overview of Lemon Tree Hotels Limited

Company Overview

Lemon Tree Hotels Limited owns and operates a chain of business and leisure hotels in India. The company operates its hotels under the Lemon Tree Premier, Lemon Tree Hotels, and Redfox Hotels brands. As of July 31, 2017, it had a portfolio of 19 owned hotels, 3 owned hotels located on leased or licensed land, 5 leased hotels, and 13 managed hotels. The company also provides project design, management, and development services. Lemon Tree Hotels Limited was incorporated in 1992 and is based in New Delhi, India.

Asset No. 6

Aerocity Hospitality District

IGI Airport

New Delhi,  110037


Founded in 1992

2,984 Employees


91 11 4605 0101


91 11 4605 0110

Key Executives for Lemon Tree Hotels Limited

Chairman & MD
Age: 58
Age: 41
Chief Financial Officer
Age: 48
Senior Vice President of Operations
Executive Vice President of Corporate Affairs
Age: 56
Compensation as of Fiscal Year 2017.

Lemon Tree Hotels Limited Key Developments

Lemon Tree Hotels Mulls Sale Of Premier Inn And Aloft

Lemon Tree Hotels Ltd. is seeking sale of Premier Inn and Aloft. Patu Keswani, chairman of Lemon Tree Hotels, said, “More distress deals will happen in 2017. Premier Inn and Aloft are up for sale.”

Lemon Tree In Talks To Acquire Optus Hotel Portfolio

Lemon Tree is in talks to acquire Optus hotel portfolio. Lemon Tree Hotels Ltd. backed by APG Asset Management NV and Warburg Pincus LLC has initiated discussions with Optus Group that operates one hotel each in Gurgaon and Bhiwadi. The deal is expected to conclude in a few weeks from now. While details about the structure of this deal are not known yet, industry sources told dna that both parties are working on the modalities. "Among options being explored include a possibility wherein Lemon Tree could pick up a majority stake in the realtor Optus's hotel assets," said one of the sources. When contacted Patu Keswani, Chairman and Managing Director of Lemon Tree Hotels, did not offer a comment. While confirming the two are in talks, Vijay Girdhar, Chairman and Managing director, Optus Group said that nothing has been finalized as yet, dna reported.

Firms Eyeing Taj Mansingh Hotel

A number of investors are said to be interested in acquiring a stake in The Taj Mahal Hotel (Taj Mansingh Hotel), if it is put up for sale by New Delhi Municipal Council. According to news report, an auction could see bidding from firms like SAMHI Hotels Private Limited, Lemon Tree Hotels Ltd., and other foreign institutional investors as well as private equity funds. SAMHI’s Chief Executive Officer, Ashish Jakhanwala stated, “At a broad level, yes, we would be interested in bidding for the property.” However, he added that a number of issues needed to be clarified before that, like the tenure of the lease and whether it is fixed or variable. Chairman of Lemon Tree Hotels, Patu Keswani said, “We are always keen for good quality assets but we are not into the trophy asset business. So, if it's a 30-year lease, unlikely. If it's longer, we will be interested.” He added that said if it is an open auction and there is no right of first refusal, then like most others international and domestic hotel companies, the company too would like to bid. Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) Managing Director, India, Dilip Puri said that Starwood will not bid as it does not invest in real estate, if investors bid for it and got it, the company will like to manage the property. Previously, Accor S.A. (ENXTPA:AC), Oberoi Realty Limited (BSE:533273), ITC Limited (NSEI:ITC), and Sahara India Pariwar Ltd. had expressed interest in bidding for the property. PRS Oberoi, Chairman of EIH Ltd. (BSE:500840) which owns the Oberoi, had told ET in 2012 that he would be interested if the price was in range. The report added that Vikram Oberoi, EIH Managing Director, declined to comment.

Similar Private Companies By Industry

Company Name Region
A.N. Traders Private Limited Asia
Aadya Restaurants Private Limited Asia
Aamby Valley City Asia
Aarusha Homes Private Limited Asia
Abad Hotels Pvt ltd. Asia

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
John F. Kennedy Center For The Performing Arts United States
NYC2012, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Lemon Tree Hotels Limited, please visit Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at