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Warburg Pincus invests in Lemon Tree Hotels

CHENNAI: The New Delhi-based Lemon Tree Hotels on Monday announced that Warburg Pincus, a leading global private equity firm, is investing Rs. 210 crore in the company. The investment will be used to further expand the Lemon Tree network and enhance the company's pan-India presence. Lemon Tree operates in the mid-price segment. In addition, Warburg will invest Rs. 70 crore in a new chain of limited service budget/economy hotel called Red Fox Hotels, says a release.

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Warburg Pincus invests in Lemon Tree Hotels

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