Omaxe Partners with Lemon Tree Hotels for 10 Hotels, 4,000 Keys
Omaxe Limited partners with Lemon Tree Hotels to operate 10 hotels with 4,000 keys across India. The projects, involving an estimated investment of INR 4,000 crore, are part of Omaxe's INR 6,200 crore hospitality expansion. Development timelines range from nine months to five years.
The partnership involves a substantial investment and a large number of keys across multiple projects, indicating a significant strategic move that will impact the company's hospitality portfolio and market presence.
The announcement details a strategic partnership for significant hospitality expansion, indicating growth and positive business development for Omaxe Limited.
Omaxe Limited has entered into a Memorandum of Understanding (MOU) with Carnation Hotels Private Limited, a wholly-owned subsidiary of Lemon Tree Hotels, to operate 10 hotel projects across India, comprising 4,000 keys. This strategic collaboration marks a significant step in Omaxe's INR 6,200 crore hospitality expansion plan, announced in June 2026, which aims to develop 19 hotels across five states.
The 10 new hotel projects entail an estimated investment of approximately INR 4,000 crore and are located in key cities including Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi, and Faridabad. The portfolio is diversified across transit hubs, pilgrimage destinations, and commercial locations, integrating hospitality with Omaxe's broader real estate and urban development portfolio. These properties will operate under Lemon Tree Hotels' brand portfolio, catering to various hospitality segments. The development and commissioning timelines for these projects are expected to range from nine months to five years.
Mr. Mohit Goel, Managing Director of Omaxe Ltd., highlighted the growing hospitality opportunity in Tier 2 and Tier 3 cities, emphasizing the need for hospitality assets aligned with market demand drivers. He noted that the arrangement with Lemon Tree Hotels brings established operating expertise, while Omaxe's sale-led development model ensures disciplined capital deployment. Mr. Neelendra Singh, Managing Director of Lemon Tree Hotels Limited, expressed enthusiasm for scaling their presence in Tier 2 and Tier 3 cities, combining Omaxe's real estate development experience with Lemon Tree's hospitality expertise.
The projects will follow a sale-led development model, with Omaxe planning to fund their completion through sales proceeds, thereby avoiding loan funding. Specific project details include Bus Terminal at Jankipuram (500 keys) and Bus Terminal at Vrindavan Yojna (330 keys) in Lucknow; Omaxe BeTogether Centre Point, Amausi (693 keys); Omaxe Eternity-II (501 keys) and Omaxe BeTogether Courtyard (81 keys) in Vrindavan; Omaxe BeTogether Centre Point, Ghaziabad (215 keys); Omaxe Connaught Place in Greater Noida (150 keys); Service Apartments in Amritsar (745 keys); Omaxe BeTogether Centre Point, Kaushambi (350 keys); and World Mall, Sector 79, Faridabad (435 keys).
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Omaxe Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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