OMOmaxe532880New partnership deal

MOU signed with Lemon Tree Hotels' subsidiary for 10 hotels, 4,000 keys across India

Omaxe signs MOU with Carnation Hotels Pvt Ltd, a wholly owned subsidiary of Lemon Tree Hotels, to operate 10 hotel projects across India with 4,000 keys.

By ScoutQuest · Fri 16 Oct 2026, 1:58 PM IST · 2 min read

Hotel Projects Under MOU

10 hotel projects across India with 4,000 keys

Estimated Investment

about INR 4,000 crore

Part of Expansion

INR 6,200 crore hospitality expansion (19 hotels, five states)

The deal in brief

• Omaxe has entered into an 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.
• The properties will be operated under Lemon Tree Hotels' brand portfolio and will cater to a mix of hospitality segments.
• The operating arrangement marks the next step in Omaxe's previously announced INR 6,200 crore hospitality expansion, announced in June 2026, which envisages the development of 19 hotels across five states.

Scale of the portfolio

• The 10 projects entail an estimated investment of approximately INR 4,000 crore.
• Together they make up 4,000 keys.
• Project development and commissioning timelines are expected to range from nine months to five years, depending on the individual development.
• The projects will follow a sale-led development model, with Omaxe expecting to fund their completion through sales proceeds without requiring loan funding.

Where the hotels are planned

The portfolio spans Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi and Faridabad, covering transit hubs, pilgrimage destinations and commercial locations. The tentative break-up given is:

• Bus Terminal, Jankipuram, Lucknow: 500 keys
• Bus Terminal, Vrindavan Yojna, Lucknow: 330 keys
• Omaxe BeTogether Centre Point, Amausi, near the airport: 693 keys
• Omaxe Eternity-II, Vrindavan: 501 keys
• Omaxe BeTogether Courtyard, Vrindavan: 81 keys
• Omaxe BeTogether Centre Point, Ambedkar Road, Ghaziabad: 215 keys
• Omaxe Connaught Place, Greater Noida: 150 keys
• Service Apartments, Amritsar: 745 keys
• Omaxe BeTogether Centre Point, Tower 1, Kaushambi: 350 keys
• World Mall, Sector 79, Faridabad: 435 keys

What the management said

• Mr. Mohit Goel, Managing Director, Omaxe Ltd, said India's hospitality opportunity is expanding beyond established metropolitan markets, with Tier 2 and Tier 3 cities emerging as important destinations, and that the arrangement brings established operating expertise to this strategy while the sale-led development model enables a disciplined approach to capital deployment.
• Mr. Neelendra Singh, Managing Director, Lemon Tree Hotels Limited, said the operating arrangement lets the company scale its India growth strategy faster, from transit hubs in Lucknow to temple towns like Vrindavan, and will accelerate Lemon Tree Hotels' asset-light growth strategy.

About Omaxe

• Established in 1987, Omaxe says it remains one of India's leading real estate development companies, with its shares listed on the National Stock Exchange of India Ltd. and BSE Ltd. since 2007.
• Omaxe Group says it has delivered approximately 145.50 million sq. ft. of real estate across 32 cities in 8 states and union territories, including Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan, Delhi, Uttarakhand and Himachal Pradesh.
• Its portfolio spans residential, commercial and integrated township projects.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev