Lemon Tree to list Fleur Hotels within 12 months, splits ownership from management
Lemon Tree Hotels plans to list ownership arm Fleur within a year, with Warburg Pincus injecting $100M pre-IPO after buying out APG. The chain added 4,900 rooms and is pushing asset-light into 200 Indian cities, even as the stock trails 12% YoY at a ₹9,420 cr market cap.
Lemon Tree plans to list its hotel ownership arm Fleur within 12 months, separating ownership from management. Warburg Pincus, having bought APG's stake, will inject another $100 million pre-listing. Lemon Tree added 4,900 rooms, targeting 200 Indian cities asset-light.