Margins will improve going forward as occupancy and room rates improve, says Lemon Tree Hotels

 

The margins will improve going forward as occupancy and room rates improve, said Patanjali Keswani, CMD, Lemon Tree Hotels.

He said that blended occupancy fell in Q4 of FY18 as we added 420 new rooms in FY19.

Talking about debt, he said, “Our operating debt,  about Rs 800 crore is on our existing hotels and Rs 211 crore is for the new hotels which we will be opening this year which has another 900 rooms. So we are opening about 1700 rooms this year of which 900 are owned by us.We expect that within the next five years we will be debt free.”