<pre id="line162">The transaction value of the properties amounts to about Rs.400 billion, inclusive of <br />deposit and renovation costs, and exclusive of revenue share over the term of the lease, <br />a company statement said.<br /><br />&quot;The addition of these two hotels to the company is value additive from two perspectives. <br />It immediately extends the distribution of Lemon Tree Hotels into two key emerging cities <br />and will also enable the company to test the validity of its business model via <br />inorganic growth,&quot; said Patu Keswani, chairman and managing director, Lemon Tree Hotels.<br /><br />Currently, nine of its hotel projects are under development across the country, <br />aggregating over 1,400 rooms. On completion of all these projects in 2010, the company <br />will have a strong presence across 12 major Indian cities.<span class="comment"></span></pre>