Business Standard

Warburg Pincus-Lemon Tree Hotels targets 100,000 beds in co-living biz

Lemon Tree Hotels is the first hospitality firm to enter the segment

Lemon Tree hotels
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While Warburg will hold a 68 per cent stake in the venture, Lemon Tree will own 30 per cent.

Shally Seth Mohile Mumbai
After shared transportation, services, and workspaces, it’s the turn of shared living spaces to create disruptions, this time in the house rental market. 

If the plans charted by Homestede Living, the co-living business of Warburg and Lemon Tree announced last week, are any indication, the concept of shared accommodation is going to take off in a big way.  Homestede plans to offer 100,000 beds over the next six years as it seeks to make inroads into a highly underpenetrated segment, Kapil Sharma, chief financial officer at Lemon Tree Hotels, told Business Standard

The company is pinning its hope on 35

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First Published: Dec 31 2018 | 9:49 PM IST

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