Warburg Pincus to invest ₹960 crore in Lemon Tree's Fleur Hotels
Lemon Tree Hotels announced board approval for Warburg Pincus's acquisition of 41.09% stake in Fleur Hotels from APG Strategic Real Estate Pool NV, coupled with a ₹960.00 crore primary investment. The transaction is part of a comprehensive corporate restructuring creating two platforms: asset-light Lemon Tree for management and branding, and Fleur Hotels for ownership and development. Fleur's portfolio will expand from 3,993 to 5,813 keys across 41 hotels, with separate listing planned within 12-15 months subject to regulatory approvals.
