The approval came after Lemon Tree Hotels, in January 2026, said its board has approved Warburg Pincus’ acquisition of a 41.09 percent stake held by APG Strategic Real Estate Pool NV in its subsidiary Fleur Hotels, along with a proposed investment of Rs 960 crore in tranches.The approval came after Lemon Tree Hotels, in January 2026, said its board has approved Warburg Pincus’ acquisition of a 41.09 percent stake held by APG Strategic Real Estate Pool NV in its subsidiary Fleur Hotels, along with a proposed investment of Rs 960 crore in tranches.