Lemon Tree is backed by Warburg Pincus and the IPO will provide the company an opportunity to encash its investments. The private equity giant holds 20-25% stake in the company. Lemon Tree and Warburg didn’t respond to Moneycontrol’s queries. The IPO may comprise stake sale by promoters as well as issue of fresh shares.
As a President, Vikramjit Singh will be responsible for sales, marketing and business development for the company, Lemon Tree Hotel Company said in a statement.
Bangalore headquartered travel portal, Via.com kicked off ‘The Biggest Online Travel Sale' from 9th December to 11th December 2015.
As non-serious players exit and asset prices correct, hotel companies are acquiring premium assets at attractive prices.
Maverick hotelier Patu Keswani has grand plans for his Lemon Tree Hotels. But a lot hinges on the chain's ability to ramp up operations at a never before seen pace.
Patu Keswani's Lemon Tree Hotels has signed a joint venture that will enable him to check in with 6-7% of India‘s hotel room inventory.