Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
May, 13 2014

Lemon Tree to increase room capacity

To invest Rs 1000 crore.

Lemon Tree Hotels, the mid-scale hotel chain, plans to invest Rs 1000 crore to ramp up room capacity from 2,800 to 8,000 across the country by 2017 end.

Speaking on the new addition, Sumant Jaidka, COO, Lemon Tree Group, said, “We are the country’s third largest hotel chain that owns and operates rooms after Tata’s IHCL and ITC Hotels.

The company will include rooms in its upscale brand Lemon Tree Premier, mid-scale brand Lemon Tree Hotels and economy brand Red Fox. In the first phase, the group will add 1,200 rooms and also increase its footprint in the South where it currently has over 1,000 rooms in three cities — Bangalore, Hyderabad and Chennai.

Comment
Related opportunities
  • Other Vocational Training
    About: Shiva Shakti Yoga is Pune - Based traditional Yoga School..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2000
    Investment size Rs. 30lac - 50lac
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bars, Pubs & Lounge
    About :  Grandmama's Cafe is an all-day café and bar..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Gyms and Fitness Centres
    About:FITPASS is an app-based fitness and lifestyle brand that is..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Crystal Knitters is one of the country’s leading textile brands..
    Locations looking for expansion Maharashtra
    Establishment year 1971
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities