Lemon Tree Hotels Limited (NSEI:LEMONTREE) is looking for acquisitions. During the Lemon Tree Hotels Second Quarter Fiscal year 2026 Earnings Conference Call, Patanjali Govind Keswani, Executive Chairman, said, "So I think we should do 5,000 next year, maybe 7,000 the following year. So we should -- we would also look at some acquisitions, which is unstated, but I kind of implied it.
So we think that we should be closer to 35,000 to 40,000 rooms as a pipeline that is double the pipeline in the next 2.5 years, including operational".
Lemon Tree Hotels Limited is an India-based hotel chain company. The Company offers hotel service including accommodation/rooms, dining, bar, banquets, conference, meeting rooms, spa, fitness center, swimming pool, and more. The Companyâs segments include Upscale segment, Upper Mid-Scale segment, Mid-Scale segment, And Economy segment. The Company operates through various brands, including Aurika Hotels and Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox Hotels, Keys Prima, Keys Select and Keys Lite. The Company operates approximately 8,382 rooms in 88 hotels across 56 destinations, in India and abroad, under its various brands. The Companyâs hotels are located across India, in metro regions including the NCR, Mumbai, Kolkata, Bengaluru, Hyderabad and Chennai, as well as numerous other tier I and II cities such as Pune, Ahmedabad, Chandigarh, Jaipur, Indore, Aurangabad, Udaipur, Vishakhapatnam, Kochi, Ludhiana, Thiruvananthapuram and Vijayawada.
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