Warburg Pincus will invest Rs 960 crore in Fleur Hotels and acquire a 41.09% stake from APG, as part of a strategic reorganization by Lemon Tree Hotels. This move will bifurcate the group into Lemon Tree Hotels, focusing on an asset-light management and brand platform, and Fleur Hotels, which will become the exclusive asset ownership and development company. Fleur Hotels is also slated for a separate listing on stock exchanges within 12-15 months, aiming to unlock long-term shareholder value.