Lemon Tree Hotels’ material subsidiary — Fleur Hotels has taken ‘Red Fox Hotel, Chandigarh’, 102 room property, on lease which was earlier being operated by Carnation Hotels, a subsidiary and management arm of the Company. Now the hotel is being operated by the Company under the same brand.
Lemon Tree Hotels is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms, as of June 30, 2017.
