Every Spin-Off
Fleur Hotels
AnnouncedINWill own about 41 hotels with some 5,813 rooms in India, mostly mid-priced hotels run under Lemon Tree brands, and develop new ones.
Lemon Tree's hotel-owning arm: 12 hotels and development capabilities are demerged into Fleur Hotels, which will own 41 hotels with 5,813 keys while Lemon Tree becomes an asset-light manager and franchisor.
- Status
- Announced
- Expected
- H1 2027
- Parent
- Lemon Tree Hotels (LEMONTREE IN)
- Spin-off ticker
- To be announced
- Listing
- NSE and BSE
- Market
- India
- Sector
- Consumer discretionary
Terms
Composite scheme under which Lemon Tree shareholders will directly own 32.96% of Fleur (Lemon Tree 41.03%, Warburg Pincus 26.01%, before Warburg's up to Rs 960 crore primary investment); appointed date 1 Apr 2026; needs shareholder, regulatory and NCLT approval; Fleur to list on NSE and BSE within 12-15 months of announcement.
Key dates
- Board approval and announcement
- Appointed date
- Stock exchange NOC / NCLT
Source documents
- Press releaseCompany release via hospitalitynet.org (01/26)
- PresentationNot yet published
- Prospectus / demerger documentNot yet public
- Sourcefinance.yahoo.com
- Sourceicicidirect.com (company update)
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