After revolutionising the mid-scale segment, he enters the upscale category with his new brand, Orica. Along the way, Keswani has pushed the boundaries as a hotelier. And to think that he embarked on his journey as an entrepreneur with the intention of setting up just one hotel, as his retirement plan
Lemon Tree Hotels is considered a pioneer in the midscale hospitality market in India. Patanjali Keswani, popularly known as Patu Keswani, was looking to set up one hotel to fund his retirement plan. He quit as senior vice president and chief operating officer of the Taj Group of Hotels to create this dream for his sunset years. Seventeen years later, Lemon Tree Hotels is one of the biggest players in the mid-scale segment and is soon entering the upscale market with Orica debuting in Udaipur this year. The Mumbai property is scheduled to launch in 2021, making it the biggest upscale hotel in India. Keswani talks about his entrepreneurial journey, the turning points, how the industry can approach the question of skilled manpower, and why hospitality majors should be focusing more on debt and acquiring land at better terms, rather than hankering after industry status.
How has the IPO helped Lemon Tree grow?
You come of age when you launch an IPO. It exposes you to a lot of scrutinies. You are expected to have a lot of clarity. The entire point of an IPO is for people to know that the company has great corporate governors, the results have been declared, there is no forging, and you have a great set of auditors and a board that is involved. An IPO imposes additional disclosure requirements and therefore, the company is easy to analyze.
Denne historien er fra July 2019-utgaven av Hotelier India.
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Denne historien er fra July 2019-utgaven av Hotelier India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The Big Fat Indian Wedding
With a slew of initiatives, hotels are ensuring that the wedding day is special for the couple as well as for the hotel's bottom line.
An Organization Of Rainmakers!!!
Rainmakers are revered for their ability to generate income (rain) for an organization by cracking deals, attracting clients/guests and holding on to them; often, for a lifetime... Revenue generation (rainmaking) is the job of everyone on the team.
Hospitality: A Rewarding Career Awaits
Delving into the roles and responsibilities that professionals in the field of hospitality can undertake in carving a rewarding career.
"India is my first baby!"
Bader Ali Habib, Regional Head of Proximity Markets, Dubai Department of Economy and Tourism, gets candid.
The Essence of Landscape Architecture
Innovative landscaping can enhance the luxury hospitality experience by enriching guest interaction with the natural world.
Teaching the Art of Tea
The first global tea artist from India, teaching the art of making and drinking fine tea, Susmita Das Gupta talks about her mission to make Indian specialty tea reach a global audience.
Feeding Profits
Food and beverage is driving revenues in hospitality in novel ways as hotels innovate with new-age experiences.
Acing the Revenue Game
Hotels are looking at new avenues to generate revenues that go beyond rooms and food.
The Power of Predictive Maintenance
A strategic approach to enable Indian hotels to become leaders in sustainable hospitality.
Shaping a Sustainable FUTURE
To mark the occasion of World Environment Day this month, we find out how the hospitality industry is paving the way for a greener, healthier tomorrow...
