Lemon Tree Hotels Denies Report of Warburg Pincus Stake
Photo Credit: Aurika by Lemon Tree Hotels at Mumbai International Airport. Lemon Tree Hotels
Skift Take
Even as Lemon Tree Hotels shuts down talk of a Warburg Pincus deal, its asset-light model helps explain why investors keep circling. It offers a way to tap into India’s domestic travel boom without taking on full operational risk.
Lemon Tree Hotels on Thursday denied a media report that private equity firm Warburg Pincus was in talks to acquire a "meaningful stake" in the hotel chain.
"We hereby categorically clarifies that no negotiations, discussions, agreements orproposals are ongoing or have been approved," Lemon Tree said in a filing with the Bombay Stock Exchange. It also clarified that no preferential allotment of shares to Warburg Pincus is under consideration.
Shares in Lemon Tree had surged 5% a day earlier after the r
