Private equity firm Warburg Pincus-backed Lemon Tree Hotels Ltd. is entering the Mumbai market as it prepares to launch its first hotel in the city shortly. With more than Rs. 1,125 crores investment, the firm is planning to launch a 9 storey, 303-room spread over the area of 5.500 sq. mt Lemon Tree Premier Hotel, its premium hotel brand, near the Mumbai international airport. The firm held an exclusive preview for the same at Mumbai.
Commenting on the exclusive preview launch of the Hotel, Patanjali Keswani, Chairman & Managing Director, said, “We are happy to hold an exclusive preview of our upcoming hotel, Lemon Tree Premier-Mumbai International Airport. Mumbai is a key market for us and a prominent destination both for business and leisure travellers. The hotel is strategically