Lemon Tree plans to add 11 more properties by 2011

Lemon Tree plans to add 11 more properties by 2011
PTI
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First Published: Wed, Dec 17 2008. 10 42 PM IST
Updated: Wed, Dec 17 2008. 10 42 PM IST
New Delhi: Hospitality player Lemon Tree Hotels plans to add 11 more properties across the country by in the next two years, taking the total number of hotels and resorts to 20.
“The group would be adding an inventory of 1,700 rooms in the soon-to-be-developed 11 new hotels to take the total room strength to 2,500 from the existing 800 rooms,” Lemon Tree Hotel Company Chairman and Managing Director Patu Keswani said.
He, however, did not disclose the planned investment for the properties which are to come up in next two years.
“The company is accelerating the development of its ongoing projects to meet its target of owning and operating 20 hotels across all the major Indian cities by 2011,” he said.
The company has opened three new hotels at Ahmedabad, Aurangabad and Indore with a total inventory of 300 rooms during the past two months. The total investment in the three properties was to the tune of Rs83 crore.
Keswani said that the reduction in demand for rooms being witnessed after the recent Mumbai terrorist attacks would be a temporary phenomenon.
The group’s nine existing properties, including three new hotels, has an inventory of 800 rooms.
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First Published: Wed, Dec 17 2008. 10 42 PM IST