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Lemon Tree Hotels will be operating 8,800 rooms by 2021, with a strong pipeline of inventory in India.
Recently, the group forayed into Mumbai with the opening of 303 room hotel, Lemon Tree Premier-Mumbai International Airport. After Pune, this is the second city in Maharashtra with a Lemon Tree Premier.
Patanjali Keswani, Chairman & Managing Director, Lemon Tree Hotels, said, “Currently, we are operating 5,525 rooms with 56 operational hotels and another 3,275 rooms with 31 properties are in the pipeline. By 2021, we will have 8,800 rooms with 88 hotels, which mean we will have close to 14 per cent rooms in India.”
Currently, Lemon Tree Hotels has 1697 operational rooms with 12 hotels under the Lemon Tree Premier brand and 1684 rooms are in the pipeline with 11 hotels.
The group’s fastest growing brand will be the Lemon Tree Premier brand.
“Lemon Tree Premier will be our fastest growing brand, followed by Lemon Tree and Aurika. As of now, we don’t have any international aspirations, but Carnation has signed a few hotels - one each in Dubai and Kathmandu. We are open to go where our customers go, we feel that then we have the ability to make them stay in our hotels. Broadly, Indians go to New York, London, Dubai, Nepal, Sri Lanka, Thailand, Singapore, and Hong Kong. Therefore, wherever we have an opportunity to partner with an asset owner we will consider it,” Keswani further stated.
