Omaxe Ltd. has signed an MoU with Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels, to operate 10 hotel projects with about 4,000 keys across India. Travel Trade Journal reported the deal on 16 October 2026.
The 10 projects have an estimated investment of ₹4,000 crore and form part of Omaxe’s ₹6,200 crore hospitality expansion plan, announced in June 2026, which covers 19 hotels in five states.
Where Will the Lemon Tree Hotels Omaxe Properties Be Built?
Locations include Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi and Faridabad. The largest is the 745-key service apartment project in Amritsar, followed by the 693-key Omaxe BeTogether Centre Point in Amausi. Others include 501 keys at Omaxe Eternity-II in Vrindavan, 500 keys at the Jankipuram bus terminal site in Lucknow, and 435 keys at World Mall, Sector 79, Faridabad.
Completion timelines range from nine months to five years.
How Is Omaxe Funding the Hotel Projects?
Omaxe plans a sale-led development model and will fund construction from sales proceeds, without loan funding.
Industry Reaction and Expert Commentary
Mohit Goel, Managing Director of Omaxe, said “India’s hospitality opportunity is expanding beyond established metropolitan markets”, citing Tier 2 and Tier 3 cities as growing destinations.
Neelendra Singh, Managing Director of Lemon Tree Hotels, said “Tier-2 and Tier-3 cities have long been central to our India growth strategy”, and that the arrangement lets the company scale faster. No stock-market reaction was found in the sources reviewed.
What Happens Next?
As this is an MoU, definitive agreements and opening dates for individual hotels have not been announced. Timelines of nine months to five years suggest the first properties could open well ahead of the last.
Frequently Asked Questions
How many hotels will Omaxe and Lemon Tree develop?
Ten hotel projects with about 4,000 keys across India.
What is the investment?
The 10 projects carry an estimated investment of ₹4,000 crore, within Omaxe’s ₹6,200 crore plan.
Which cities are involved?
Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi and Faridabad.
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