Lemon Tree Hotels acquired Berggruen Hotels in November 2019 taking its total inventory to 7,800 rooms in 77 hotels across 45 destinations, making it India’s largest hotel chain in the mid-priced hotel sector. Lemon Tree Hotels chairman & MD Patanjali Keswani said: “We are pleased about this acquisition and the geographic spread that the Keys Hotels portfolio brings with it. We will now instantly enter 9 new destinations and simultaneously consolidate inventory in 7 of our current destinations. Going forward, we will add value to the top line of these hotels both in terms of higher yield and greater occupancies.”
Lemon Tree Hotels acquires Berggruen Hotels and the brand ‘Keys Hotels’
Date posted: Monday 11 November 2019