Lemon Tree launches its 13th Hotel, plans to add seven more

Written by: Pti
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Bangalore, Jan 12 (PTI) Fast growing chain of hotels,Lemon Tree Hotels today announced the launch of its secondupscale, full service, business hotel here and 13th in thecountry.

Speaking at the launch, Patu Keswani, Chairman andManaging Director, Lemon Tree Hotels, said, �Our profitablegrowth has been driven by an end-to-end business model whichhas led to a 60 per cent year-on-year growth in rooms over thepast five years. At Lemon Tree, we design, build, own andoperate all our hotels.�

Lemon Tree Hotels currently owns and operates 13 hotelsin 10 cities aggregating over 1,200 rooms with 1,500employees. Seven more hotels were under development.

By 2012, all ongoing projects would be completed and LemonTree would have over 2,800 rooms and 3,000 employees in 20hotels across 15 major cities including New Delhi, Mumbai,Bengaluru, Chennai, Hyderabad, Pune, Gurgaon, Ahmedabad,Kaushambi (East Delhi), Goa, Indore, Aurangabad, Chandigarh,Alleppey and Shimla, he said.

The group eyes at owning two per cent of the hotel roomsin India by 2012 with its ongoing expansion.

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