Lemon Tree plans to open 100 hotels

Hospitality chain Lemon Tree Hotels plans to open 100 hotels in India by 2020, with a total room capacity of 10,000. The company, which currently owns and manages 18 hotels under Lemon Tree Premier, Lemon Tree and Red Fox brands said on Thursday it has put on hold plans to foray into real estate in partnership with US-based investment firm Warburg Pincus.