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Enterprise level investment in Lemon Tree Hotels Private Limited
Key Facts
As of September 2010: Operating 12 hotels across 10 cities offering approx 1,000 rooms
Hotel locations: National Capital Region - Delhi, Pune, Kerala, Goa, Ahmedabad, Aurangabad, Indore, Chennai & Bangalore
Fund: Kotak India Real Estate Fund I and Kotak Alternate Opportunities (India) Fund
Years of investment: 2006 & 2008
Developer Desciption:
Lemon Tree Hotels Pvt. Ltd. (“Company”) owns and/or operates a chain of full service, mid-segment business hotel. The Company primarily targets business travellers looking for a high-quality product and efficient service at a moderate price.
Spank Hotels Private Limited is a budget hotel company targeting budget-conscious business and leisure travellers by offering clean, comfortable and reliable limited-service hotel rooms.
For more information, please visit: http://www.lemontreehotels.com/ and http://www.redfoxhotels.com/
* Kotak India Real Estate Fund I also has a minority investment in Spank Hotels Pvt. Ltd, owner and operator of “Red Fox” brand of hotels.
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