Patanjali Keswani, chairman and MD of Lemon Tree Hotels told ET in an interview that this year s expansion will include the opening of a Lemon Tree resort in Bhutan and the launch of 3-4 hotels and resorts in Nepal. Last year, the BSE-listed company had launched 1,375 new rooms across 14 hotels, including India s biggest hotel - the 669-room Aurika Mumbai Skycity.
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The week gone by was super eventful, volatile and action packed. We had the last of the Union budgets by the present government being presented. Even though it was just a vote-on-account, there was expectation which got built up into the .
Many mid-size and upscale hotel companies are firming up investments and capacity expansion plans to the tune of Rs 3,500 crore in key holy towns in the next two years, according to data collated by Noesis Capital Advisors, a hotel investing and consulting firm. This translates into over 5,000 new rooms and about 25,000 jobs.