Omaxe Partners With Lemon Tree Hotels for 10 Hotels Across India
Omaxe Ltd., a prominent real estate developer in India, has signed an MOU with Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels, to manage 10 hotel projects throughout India, featuring 4,000 keys.
This operational agreement represents an important milestone in the implementation of Omaxe’s INR 6,200 crore hospitality growth, revealed in June 2026, which plans for the establishment of 19 hotels in five states.
The 10 initiatives involve an anticipated investment of around INR 4,000 crore and cover Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi, and Faridabad.
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The portfolio features hospitality projects at transit centers, pilgrimage sites, and commercial areas, showcasing Omaxe’s strategy of merging hospitality with its broader real estate and urban development initiatives.
The properties will function within Lemon Tree Hotels’ brand lineup and serve various hospitality sectors. Timelines for project development and commissioning are anticipated to vary from nine months to five years, based on the specific development.
Commenting on the partnership, Mohit Goel, Managing Director, Omaxe Ltd., says, “India’s hospitality opportunity is expanding beyond established metropolitan markets, with Tier 2 and Tier 3 cities emerging as important destinations for business, leisure and pilgrimage travel. Temple towns, growing commercial centres and transit hubs each have distinct accommodation needs, creating an opportunity to develop hospitality assets that are aligned with the demand drivers of their respective markets. Our arrangement with Lemon Tree Hotels brings established operating expertise to this strategy, while our sale-led development model enables us to pursue this expansion with a disciplined approach to capital deployment.”
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Neelendra Singh, Managing Director, Lemon Tree Hotels Limited, says, "Tier-2 and Tier-3 cities have long been central to our India growth strategy, and this operating arrangement lets us scale it faster, from transit hubs in Lucknow to temple towns like Vrindavan".
"Omaxe brings nearly four decades of real estate development experience across these markets, while Lemon Tree brings over two decades of hospitality expertise and guest trust. This alliance combines developer scale with operating strength, and two trusted Indian brands with a proven record of execution, to build the next phase of growth. This will accelerate Lemon Tree Hotels’ asset-light growth strategy, enabling the Company to expand its managed portfolio across diverse markets and asset formats.”
The projects will adopt a sale-driven development approach, with Omaxe anticipating that sales revenue will finance their completion without the need for loan funding. The portfolio currently includes Bus Terminal, Jankipuram (500 keys) and Bus Terminal, Vrindavan Yojna (330 keys) located in Lucknow; Omaxe BeTogether Centre Point, Amausi, close to the airport (693 keys); Omaxe Eternity-II (501 keys) and Omaxe BeTogether Courtyard (81 keys) in Vrindavan; Omaxe BeTogether Centre Point, Ambedkar Road, Ghaziabad (215 keys); Omaxe Connaught Place in Greater Noida (150 keys); Service Apartments in Amritsar (745 keys); Omaxe BeTogether Centre Point, Tower 1, Kaushambi (350 keys); along with World Mall, Sector 79, Faridabad (435 keys).
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The operational agreement promotes Omaxe’s strategy to broaden its real estate development potential into hospitality, enhancing its current townships, commercial hubs, and mixed-use projects. The company seeks to meet changing accommodation demands in various Indian markets by aligning its projects with recognized hospitality operations.