Lemon Tree Hotels has announced a composite reorganisation, wherein the group would be split into an asset-light, fee platform – Lemon Tree Hotels and an asset-heavy ownership platform – Fleur Hotels.

Lemon Tree Hotels reported in-line revenue of ₹410 crore (+14 per cent on year), largely led by ARR, which grew 11 per cent to ₹7,487; occupancy was 73.4 per cent (down 82 bps). EBITDA increased 11 ...