 "Lemon Tree Hotels, the largest mid-priced hotel chain in India, plans to list its subsidiary Fleur Hotels to achieve its goal of becoming a debt-free company in six years.")
Lemon Tree Hotels may list its subsidiary Fleur Hotels next year in an effort to become a debt-free company.
According to a source, Fleur Hotels’ listing would be completed sometime next year.
Lemon Tree has a consolidated debt of ₹1,760 crore as of December 2024, with its standalone debt being ₹300 crore, Kapil Sharma, chief financial officer (CFO), told analysts at the company’s earnings' call during Q3 of FY25.
Patanjali Keswani, chairman and managing director, Lemon Tree Hotels, said during the earnings' call that the company would be debt free in three years.
“I can say with certainty that it
