Entrepreneur patu Keswani’s Lemon Tree Hotels became the second hotel, after JW Marriott, to open at Delhi Aerocity near the IGI Airport.
Two of its brands—Lemon Tree Premier (four-star) and Red Fox Hotel (budget) were launched in late December.
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The year-long delay has cost Keswani Rs 100 crore and has robbed him of the most lucrative month for hoteliers, November. That has made his break-even time even longer.
But there is a blessing. Aerocity will be the biggest hub for hospitality in India when all 5,000 rooms (of various hotels) are ready. This might take three more years, which gives Lemon Tree enough time to operate without much competition.
