Lemon Tree Hotels
{{short description|Indian hotel chain}}
{{Use dmy dates|date=October 2018}}
{{Use Indian English|date=October 2018}}
{{Infobox company
| name = Lemon Tree Hotels Ltd.
| logo = The Lemon Tree Hotel Logo.png
| caption =
| image = Lemon tree hotel in Financial district.jpg
| image_caption = A Lemon Tree property in Hyderabad
| type = Public
| traded_as = {{NSE|LEMONTREE}}
{{BSE|541233}}
| genre =
| fate =
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| foundation = 2002
| founder = Patu Keswani
| defunct =
| location_city =
| location_country = India
| location = 6, Aerocity Hospitality District, New Delhi, 110037
| area_served = India, UAE, Bhutan
| key_people =
| industry = Hospitality
| products =
| services =
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| website = [https://www.lemontreehotels.com/ Lemon Tree Hotels]
| footnotes =
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}}
Lemon Tree Hotels is an Indian hotel chain. It owns and operates 100 hotels with a total of 9700 rooms in 64 cities across India.{{Cite web |title=Lemon Tree Hotels News - Lemon Tree Hotels Announcement, Latest News on Lemon Tree Hotels |url=https://hospitality.economictimes.indiatimes.com/news/hotels/lemon-tree-hotels-launches-its-100th-property-with-the-opening-of-lemon-tree-premier-malad-mumbai/106058272 |access-date=2024-01-15 |website=The Economic Times}}
According to the Horwath Report, Lemon Tree Hotels is India's largest hotel chain in the mid-priced hotel sector as of 30 June 2017.
History
Lemon Tree Hotels was founded in 2002 by Patu Keswani.{{Cite news|url=https://timesofindia.indiatimes.com/LemonTreeHotels-founded-in-September-2002-by-Patu-Keswani-has-acquired-the-erstwhile-130-room-Clarion-Hotel-in-Whitefield-Bangalore-for-Rs-64-crore-in-an-all-cash-deal-An-additional-Rs-11-crore-will-be-spent-on-renovating-and-rebranding-As-the-dominant-player-in-the-mid-market-hotel-segmentLemonTreeHotels-is-currently-the-third-largest-hotel-owner-in-India-with-over-2850-operating-rooms-and-another-1200-under-development-said-Patu-Keswani-chairman-and-MD-The-LemonTreeHotel-Company-/articleshow/21104576.cms|title=Lemon Tree Hotels founded in September 2002 by Patu Keswani - Times of India|work=The Times of India|access-date=2018-08-23}} It opened its first hotel with 49 rooms in May 2004.{{Cite web|url=https://www.moneycontrol.com/ipo/lemon-tree-hote_LTH.html|title=IPO : Issues Open Now >> Lemon Tree Hotels Ltd. : Services|website=moneycontrol.com|access-date=2018-08-23}}
In 2019, the company acquired Berggruen Hotels Private Limited for an enterprise value of {{INR}} 605 crores. At the time of acquisition, Berggruen Hotels owned 936 rooms and managed 975 rooms under the "Keys" brand in 21 cities across India.{{Cite news|last=Mohile|first=Shally|url=https://www.business-standard.com/article/companies/lemon-tree-to-buy-keys-hotels-for-rs-471-cr-deal-likely-in-two-months-119070100734_1.html|title=Lemon Tree to buy Keys Hotels for Rs 471 cr, deal likely in two months|date=1 July 2019|work=Business Standard|access-date=23 March 2020}}
Lemon Tree Hotels went public and was listed on the National Stock Exchange of India on 9 April 2018.{{Cite news|url=https://economictimes.indiatimes.com/markets/stocks/news/lemon-tree-hotels-makes-a-market-decent-debut-lists-at-10-premium-over-issue-price/articleshow/63676616.cms|title=Lemon Tree Hotels makes decent debut, lists at 10% premium over issue price|last=Verma|first=Swati|date=2018-04-09|work=The Economic Times|access-date=2018-08-23}}
Operations
File:At Lemon Tree Hotel, Aurangabad (50749479868).jpg]]
The company operates under 7 brands, namely Aurika Hotels and Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox by Lemon Tree Hotels, Keys Prima, Keys Select, and Keys Lite.{{Cite news|url=https://www.bloombergquint.com/business/2018/01/17/lemon-tree-hotels-plans-to-expand-betting-on-growing-demand|title=Lemon Tree Hotels Plans To Expand Betting On Growing Demand|work=BloombergQuint|access-date=2018-08-23}}
Corporate social responsibility
Currently, about 20% of group employees are from deprived and disabled segments of the population.{{Cite web|url=https://nasscomfoundation.org/get-engaged/nasscom-social-innovation-forum/past-winners/winners-2015/lemon-tree-hotel.html|title=Lemon Tree Hotel - NASSCOM Foundation|date=4 March 2016|archive-url=https://web.archive.org/web/20160304200253/https://nasscomfoundation.org/get-engaged/nasscom-social-innovation-forum/past-winners/winners-2015/lemon-tree-hotel.html |archive-date=4 March 2016 }}{{cite web|url=http://www.hotelierindia.com/lemon-tree-wins-best-employer-national-award/ |title=Lemon Tree wins 'Best Employer' National Award – Hotelier People |publisher=HotelierIndia.com |access-date=2016-12-01}}
All Lemon Tree Hotels adopt a stray dog from that area and make it a mascot. Stray dogs are groomed and given specific duties in the hotels.{{cite web |title=Keswani's Dog Employees |url=https://www.businesstoday.in/magazine/network/story/keswanis-dog-employees-291326-2021-03-19 |website=Business Today |language=en |date=19 March 2021}} It is the largest corporate adopter of stray dogs in India.{{cite web|url=http://www.traveltrendstoday.in/news/2013/12/16/csr-takes-centre-stage |title=Travel Trends Today |publisher=Traveltrendstoday.in |date=2016-08-10 |access-date=2016-12-01}}