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MoneyWorks4Me

Lemon Tree Hotels’ arm acquires entire stake in Berggruen Hotels

02 Nov 2019 Evaluate

Lemon Tree Hotels’ material subsidiary -- Fleur Hotels Private (FHPL) has acquired 100% share capital of Berggruen Hotels and now it has become a wholly owned subsidiary of FHPL and an indirect subsidiary of Lemon Tree.

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 847.70
ITC Hotels 173.40
Mahindra Holi.&Resor 191.45
EIH 299.35
Chalet Hotels 817.55
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