Lemon Tree Hotels executive detailed a new Bandra East hotel land acquisition and gave updates on the Fleur demerger and listing plans

Thu 1 Oct 2026

Land acquisition cost

120 crore rupees

FSI premium paid

50 crore rupees

Construction cost

360 crore rupees

Hotel rooms

170 room hotel

Cost per key

2 crore rupees a key

Heard on Live TV News Channel between 09:48:41 - 09:51:41 IST.

• Company bought land in Bandra East for about 120 crore rupees, paying 50 crore rupees premium to government for FSI.
• Will spend about 360 crore rupees to build a 170-room hotel, roughly 2 crore rupees per key, likely under the Lemon Tree Premier brand.
• Expects operating profit of 20-25 lakh rupees per room in Mumbai, with this location expected to do even better.
• Scheme of arrangement for Fleur demerger has exchange and SEBI approvals; NCLT update underway, expected to take 9-12 months, listing likely mid-to-second half of next calendar year.
• Plans to deploy about 4,000 crore rupees of capital for Fleur portfolio expansion, with 1,300-1,400 crore rupees as equity (including $100 million from Warburg Pincus for 10% stake), an equal amount as debt, and the rest from cash flows over three years.
• On a fee-only basis Lemon Tree Hotels makes about 250 crore rupees revenue and 150 crore rupees EBITDA; Fleur makes about 500-600 crore rupees EBITDA post fees, with a target of 1,000 crore rupees EBITDA for Fleur next year.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.