Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 18 2019

Lemon Tree Hotels plans to have 12,000 rooms by 2021-end

Presently, the mid-market hotels' company has 53 hotels in 32 cities across its three brands.

Lemon Tree Hotels plans to have 12,000 rooms by 2021-end

As part of its capacity addition plans, mainly in India, Hospitality firm Lemon Tree Hotels is planning to have around 12,000 rooms in its inventory by the end of 2021. Presently, the mid-market hotels' company has 53 hotels in 32 cities across its three brands, namely Lemon Tree Premier, Lemon Tree Hotels and Red Fox Hotels.

Patanjali Keswani, Chairman and Managing Director, Lemon Tree Hotels, said, "We are pretty sure that by 2021-end, we will have 12,000 rooms mainly in India. We currently have around 5,500 rooms and we are building another around 3,500 rooms which are mostly our own." 

Apart from India, the company is looking to add other markets including Thimphu (Bhutan), Dubai and Kathmandu (Nepal). 

"The 12,000 rooms would be about 20 per cent of India's mid-market hotels. When we achieve this at that point, we will have some degree of market power," Keswani added.

He further stated, "Tailwinds in India are also strong for the company as demand is picking up and supply is drying up. So, we will have the advantage of three things, market power, tailwinds and brand visibility that will come into pricing." 

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • About Us: Education is responsible to make a nation great. We..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Precious Jewellery
    About Us: TRIBE is a globally renowned, respected and coveted luxury fashion..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Master Franchise have owned and operated Eagle Boys Pizza in..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Tea And Coffee Chain
    Cafechocolicious brings a proven business model to start in Coffee..
    Locations looking for expansion maharshtra
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune maharshtra
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities