Lemon Tree Hotel price: Lemon Tree Hotels to list subsidiary Fleur Hotels

“We are going to list Fleur. And we will do it sooner rather than later. When we do that, we will be debt free. At the overall group level, we have a debt of around Rs 1850 crore, while Fleur’s debt is around Rs 1500 crore. So, if we say we will be debt free, it implies we will raise that kind of capital,” he said.

“Fleur has around 4,000 rooms, and all the Aurika hotels, and Lemon Tree Premier properties in Delhi, Mumbai, Hyderabad and Kolkata come under Fleur Hotels,” he added.

Lemon Tree opened India’s biggest hotel–the 669-room Aurika Mumbai Skycity last year.

Commenting on the first quarter results, Keswani had said earlier this week that despite the temporary headwinds faced by the hotel sector due to the election process and the extreme heat wave, Lemon tree recorded its highest ever revenue in quarter one at Rs 268.4 crore. The revenue grew over 19% as compared to quarter one of financial year 2024, while the EBITDA grew 8% year-on-year translating into a net EBITDA margin of 43%, which decreased by 456 bps over quarter one of financial year 2024.He said this fall in EBITDA margin of 4.6% year-on-year , about 50%, was due to a one-off increase in investments in renovation and ‘digital transformation.’In quarter one of financial year 2025, Lemon Tree recorded gross average room rate of Rs 5,686, which increased by 9% year-on-year. The occupancy for the quarter stood at 66.6%, which decreased by 360 bps year on year. This translated into a revenue per available room of Rs 3,788, an 4% year-on-year increase.As of June 30, 2024, the inventory for the group stands at 107 operational hotels with 10,125 rooms, and the pipeline comprises an additional 4000 rooms.

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