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Lemon Tree Hotels was founded in 2002 by Patu Keswani. [4] It opened its first hotel with 49 rooms in May 2004. [5] In 2019, the company acquired Berggruen Hotels Private Limited for an enterprise value of ₹ 605 crores. At the time of acquisition, Berggruen Hotels owned 936 rooms and managed 975 rooms under the "Keys" brand in 21 cities ...
Keswani promoted Lemon Tree Hotels in 2002 and is the Chairman and Managing Director of the company, which owns and operates 111 hotels in 70 cities with ~10,250+ rooms and ~8,700 employees (as of August 2024). Lemon Tree Hotels listed on the National Stock Exchange of India on 9th April 2018.
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