Omaxe Partners With Lemon Tree Hotels for 10 Properties Across India
New Delhi, October 17, 2026: Real estate developer Omaxe Ltd. has entered into a memorandum of understanding with Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels, to operate 10 hotel projects comprising 4,000 keys across India, according to a press release issued by the company.
The operating arrangement marks a key step in executing Omaxe’s Rs 6,200 crore hospitality expansion, originally announced in June 2026. The 10 projects represent an estimated investment of approximately Rs 4,000 crore and span destinations such as Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi, and Faridabad.
Project development and commissioning timelines are expected to range from nine months to five years. The projects will follow a sale-led development model, with Omaxe expecting to fund their completion through sales proceeds without requiring loan funding.
Commenting on the partnership, Mohit Goel, Managing Director of Omaxe Ltd., said, “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.”
Neelendra Singh, Managing Director of Lemon Tree Hotels Limited, said, “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 operating arrangement advances Omaxe’s strategy of extending its real estate development capabilities into hospitality, complementing its existing townships, commercial destinations, and mixed-use developments.
