Tag Archives: Deputy Managing Director

Lemon Tree to open 8-9 hotels this year

The Lemon Tree Hotel Company is on an expansion spree and will be opening 8-9 hotels at various destinations in India this year. Rattan Keswani, Deputy Managing Director, Lemon Tree Hotels & Director, Carnation Hotels, said, “In the Carnation operating space, we have 8-9 hotels opening in this fiscal year. Since the demonetisation pressure, some of our properties are getting delayed by another three months or four months. We will open hotels in Sikkim, Siliguri, Jammu, Corbett, Trivandrum, Coimbatore and we will open one hotel in Sohna Road as well. Also, there will be 7-8 hotels in managed space. But mid next year, there will be few openings that we will be doing in our own spaces. We will have Kolkata and Pune open and even Udaipur could be on cards.”

Read More »

Lemon Tree Hotels-operated Sandal Suites opens doors

The launch of Sandal Suites, operated by Lemon Tree Hotels, marked the opening of Noida’s first upscale serviced suites. Sandal Suites features 195 suites, extensive banqueting facilities, numerous dining options, and an array of recreational facilities, in a contemporary setting. These serviced apartments, situated just off the Noida-Greater Noida Expressway, are located within Assotech Business Cresterra, the LEED Gold Certified office complex in the IT hub of Sector 135, Noida. Speaking at the launch, Rattan Keswani, Deputy Managing Director, Lemon Tree Hotels and Director, Carnation Hotels Pvt. Ltd., said, “This occasion marks a few ‘firsts’ for Lemon Tree Hotels – it is the first property Lemon Tree Hotels (through our management arm, Carnation Hotels) will be operating in Noida, and our first foray into the upscale serviced suites space. This is also our first partnership with Sandal Suites Pvt. Ltd., one that we hope to see grow in strength in the coming years. “The launch of Sandal Suites is in response to the growing demand for comfortable and convenient extended stay accommodation options for business and IT professionals in our vicinity. It is the only upscale accommodation available within an 8 km catchment and is the perfect address for those looking for a “home away from home” – be it business travellers, project teams or relocating families,” he added.

Read More »

SBI, C&K to sell SBI pre-paid travel cards

The State Bank of India (SBI) announced pilot launch of a distribution alliance with Cox & Kings Ltd for sale of travel prepaid cards in India. This partnership will help marketing of Travel prepaid card available in eight Currencies (US Dollar, GBP, Euro, Singapore Dollars, Jap Yen, Canadian Dollars, Australian Dollars & Saudi Riyal) and will currently target the corporate customers of the bank. Manju Agarwal, Deputy Managing Director,(Digital Banking and New Businesses) State Bank of India said, The Bank is excited as this has been the third  alliance SBI has entered into for travel Card business to supplement their distribution reach which is already very deep in the consumer segment. The partnership with Cox & Kings Ltd will help the bank to serve their corporate segment and travel segment, where the Bank is not very active in the product category due to service delivery challenges which can be facilitated with Cox & Kings Ltd   coming on board. The pilot will be initiated in select branches and based on the learning will be expanded across the country in near future. Anil Khandelwal, Chief Financial Officer, Cox & Kings Ltd, said, We are delighted to partner with SBI and to offer the entire gamut of forex services and the State Bank Travel card to its corporate customer base. Cox & Kings has an excellent track record in the distribution & servicing of forex travel cards and this association with SBI is a great opportunity to expand our presence and service large corporates.

Read More »

Lemon Tree to expand in Middle East

Lemon Tree Hotels is all set to cash in on growing Indian tourists and corporate travel to the UAE, as it plans to operate eight properties in the next three years in the region. The company will be opening a mix of hotels and serviced apartments in Abu Dhabi, Fujairah and Dubai, where it expects to operate its first property. According to Rattan Keswani, Deputy Managing Director, Lemon Tree Hotels, they are trying to harness the spending power of Indians through this development. Lemon Tree has tied up with the Sydney-based real estate agent Raine and Horne to open Lemon Tree properties in the region, including in Saudi Arabia and Qatar. The company, which operates properties under the Lemon Tree and Red Fox brands, said the planned hotels would have between 60 and 100 rooms on average, and could include pool, spa and up to three restaurants. Lemon Tree Hotels is also looking at Sri Lanka and the Thai capital Bangkok. Sanjay Chimnani, MD, Raine and Horne, said it would be looking at neighbourhoods in Dubai such as Jaddaf, Business Bay, City Walk, Al Barsha, Jumeirah Lakes Towers, Jebel Ali and Jumeirah Village Circle to open more properties.

Read More »