Signs MoU with Omaxe to operate ~4,000 keys in multiple key destinations in India
The company and its wholly owned subsidiary Carnation Hotels Private Limited have signed a Memorandum of Understanding with Omaxe Limited to operate ~ 4,000 keys in multiple key destinations in India.
By ScoutQuest · · 2 min read
- Keys to be operated under MoU
- ~ 4,000 keys
- Total development pipeline
- nearly 16,000 keys
- Counterparty
- Omaxe Limited
What was announced
Lemon Tree Hotels Ltd and its wholly owned subsidiary Carnation Hotels Private Limited have signed a Memorandum of Understanding with Omaxe Limited to operate ~ 4,000 keys in multiple key destinations in India. The company describes this as its largest single operating arrangement, increasing its development pipeline to nearly 16,000 keys in total.
Where the sites are proposed
The proposed hospitality sites are to be located in transit hubs, pilgrimage destinations and commercial districts, spanning across Lucknow, Vrindavan, Amausi, Amritsar, Ghaziabad, Greater Noida, Kaushambi and Faridabad.
Who is involved
- Omaxe Limited is described as a prominent real estate developer bringing nearly four decades of real estate development experience across these markets.
- The arrangement is described as combining developer scale with operating strength, and two trusted Indian brands.
- Managing Director Neelendra Singh said the arrangement lets the company scale faster, with Tier-2 and Tier-3 cities central to its India growth strategy, and accelerates its asset-light growth strategy.
- Omaxe Managing Director Mohit Goel said the arrangement brings established operating expertise to its sale-led development model.
The company's stated scale
- Operates 130+ hotels across 80+ cities in India and abroad.
- A growing pipeline of 140+ upcoming properties.
- 270+ properties (operational and upcoming) since opening its first 49-room hotel in 2004.
- Seven distinct brands: Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select and Keys Lite.
What it means in simple terms
The company has signed an understanding with a real estate developer to operate around 4,000 keys across several Tier-2 and Tier-3 locations. The release describes the sites as proposed hospitality sites, and positions the move as part of an asset-light approach, where the operating company runs the hotels rather than owning the real estate.
Also from Lemon Tree Hotels
Lemon Tree Hotels signs license agreement for Keys Lite by Lemon Tree Hotels, Bhilwara
23 Oct 2026
GST appeal of material subsidiary partially allowed; interest liability on irregular ITC held not to arise
16 Oct 2026
Franchise agreement signed for Keys Select hotel in Bareilly, Uttar Pradesh
13 Oct 2026
More numbers
- Keys to be operated under MoU with Omaxe~ 4,000 keys
- Total development pipeline after the arrangementnearly 16,000 keys
- Hotels operated130+ hotels
- Cities of operation80+ cities
- Upcoming properties in pipeline140+ upcoming properties
- Total properties (operational and upcoming)270+ properties
- Rooms in the first hotel opened in 200449-room
- Distinct brands in the groupseven distinct brands
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