Lemon Tree Hotels has acquired Berggruen Hotels’ brand ‘Keys Hotels’ this month taking its total inventory to 7,800 rooms in 77 hotels across 45 destinations.
Keys Hotels are present in 16 cities including Aurangabad, Bengaluru, Calicut, Chennai, Goa, Gurugram, Kochi, Kolhapur, Ludhiana, Mahabaleshwar, Manali, Mumbai, Pune, Port Blair, Trivandrum and Vishakapatnam. Of these, Lemon Tree already has a presence in seven destinations and these Keys Hotels add to the depth of coverage in those cities.
Commenting on this acquisition, Lemon Tree Hotels chairman and MD Patanjali Keswani says, “We are pleased about this acquisition and the geographic spread that the Keys Hotels portfolio brings with it. We will now instantly enter 9 new destinations and simultaneously consolidate inventory in 7 of our current destinations. Going forward, we will add value to the top line of these hotels both in terms of higher yield and greater occupancies.”