 "Luxury Hotels")
Shares of Lemon Tree Hotels rallied 12% to Rs 77.15 apiece on BSE in early morning trade after the company has formed a joint venture (JV) with an affiliate of Warburg Pincus, a leading global private equity firm, to create a co-living platform.
The JV marks Lemon Tree Hotel, lndia's largest hotel chain in the mid-priced sector, entry into an adjacent but new business segment focusing on the development of institutional-grade rental housing accommodation serving both students and young working professionals across major educational clusters and key office markets in India.
The JV partners will initially invest Rs
The JV marks Lemon Tree Hotel, lndia's largest hotel chain in the mid-priced sector, entry into an adjacent but new business segment focusing on the development of institutional-grade rental housing accommodation serving both students and young working professionals across major educational clusters and key office markets in India.
The JV partners will initially invest Rs
