Omaxe Partners Lemon Tree Hotels For ₹4,000 Crore, 10-Hotel Expansion
Mumbai: Omaxe Ltd on October 16, 2026, announced a memorandum of understanding with Carnation Hotels Private Limited, a subsidiary of Lemon Tree Hotels, to operate 10 hotel projects with 4,000 keys across India. These projects are part of Omaxe’s previously announced ₹6,200 crore hospitality expansion. Investment Details These 10 projects have an estimated investment of approximately ₹4,000…
Mumbai, October 16, 2026 - Omaxe Ltd has entered into a memorandum of understanding with Lemon Tree Hotels to operate 10 hotel projects with 4,000 keys across India, as part of Omaxe's planned ₹6,200 crore hospitality expansion. These projects, which have an estimated investment of about ₹4,000 crore, are expected to be completed within nine months to five years and will be spread across cities such as Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi, and Faridabad.
The properties will cater to various hospitality segments and operate under the Lemon Tree Hotels brand. The investment will be funded through a sale-led development model, utilizing sales proceeds without needing to take on loans. Omaxe's Managing Director, Mohit Goel, noted that India's hospitality sector is expanding into Tier 2 and Tier 3 cities, presenting new opportunities for hospitality assets.
Lemon Tree Hotels' Managing Director, Neelendra Singh, stated that the partnership will support Lemon Tree Hotels' asset-light growth strategy and expand its managed portfolio.
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