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Lemon Tree Hotels likely to have 12,000 rooms in inventory by end of 2021

18 Feb 2019 Evaluate

Lemon Tree Hotels is looking to have around 12,000 rooms in its inventory by the end of 2021 as part of its capacity addition plans, mainly in India. Currently, the company has around 5,500 rooms and building another around 3,500 rooms. Besides India, the other markets that the company is looking at include Thimphu (Bhutan), Dubai and Kathmandu (Nepal).

Lemon Tree Hotels is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms, as of June 30, 2017.

Peers
Company Name CMP
The Indian Hotels Co 743.00
ITC Hotels 161.35
Mahindra Holi.&Resor 201.65
EIH 301.55
Chalet Hotels 883.00
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