Warburg Pincus Invests Rs 960 Cr in Lemon Tree's Fleur, Acquires 41% Stake

• Warburg Pincus, via Coastal Cedar Investment BV, will invest Rs 960 crore in Fleur Hotels, a subsidiary of Lemon Tree Hotels.
• The investment grants Warburg Pincus a 41.09% stake in Fleur Hotels, acquired from APG Strategic Real Estate Pool NV.
• A strategic reorganisation will see Fleur Hotels listed separately, becoming the group's exclusive hotel asset ownership and development company.
• Lemon Tree Hotels will transition into an asset-light hotel management and brand platform, merging Carnation Hotels and Hamstede Living into itself.
• Fleur's portfolio will expand to 5,813 keys across 41 hotels, making it one of India’s largest hospitality asset owners, with its listing expected in 12-15 months.

Why It Matters: Warburg Pincus's Rs 960 crore investment and strategic reorganisation will create two focused, high-growth platforms.