With 14 hotels operational (having 2,000 rooms), six hotels under various stages of development, Lemon Tree Hotels aims to mark its presence across 54 cities with 30,000 rooms in India by 2020.
Currently, the company is focussing in Northern, Western and Southern regions of India. However, after five years, Lemon Tree Hotels will decide upon expanding its base in Eastern region of the country. The company also plans to go for an IPO in the next two to three years.
Talking about the key factors while selecting a city for hotel development, Rahul Pandit, Vice President ─ Operations, Lemon Tree Hotels said, “A city is selected keeping in mind three crucial parameters (a) over one million population (b) air connectivity (c) Socio─Economic Classification (Sec) A. And, hence, we have reached the figure of 54 for developing our hotel chain. Presently, the Eastern part of the country faces infrastructural issues and lack of political stability.”
Currently, the company is focussing in Northern, Western and Southern regions of India. However, after five years, Lemon Tree Hotels will decide upon expanding its base in Eastern region of the country. The company also plans to go for an IPO in the next two to three years.
Talking about the key factors while selecting a city for hotel development, Rahul Pandit, Vice President ─ Operations, Lemon Tree Hotels said, “A city is selected keeping in mind three crucial parameters (a) over one million population (b) air connectivity (c) Socio─Economic Classification (Sec) A. And, hence, we have reached the figure of 54 for developing our hotel chain. Presently, the Eastern part of the country faces infrastructural issues and lack of political stability.”