Lemon Tree Hotels stock jumps on Warburg Pincus-backed Fleur split as brokerages flag upside
Lemon Tree Hotels Ltd shares climbed almost 2% Monday following a restructuring move that introduces Warburg Pincus into its property division. Brokerages Nuvama and Investec maintained “buy” ratings, setting targets at 178 rupees and 187 rupees, respectively. The company announced plans to divide into two distinct platforms: Lemon Tree will operate as an “asset-light” hotel manager and brand owner, while Fleur Hotels will handle ownership and development of hotel properties. The term “asset-light” refers to running hotels through management or franchise agreements without owning the physical buildings.
