Omaxe, Lemon Tree Hotels sign MoU for 10 projects with 4,000 rooms

New Delhi: Real estate developer Omaxe Ltd has signed an MoU with Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels, to operate 10 hotel projects across India with a combined capacity of 4,000 rooms.

The projects involve an estimated investment of ₹4,000 crore and form part of Omaxe’s ₹6,200-crore hospitality expansion announced in June 2026, which envisages 19 hotels across five states.

The 10 projects are spread across Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi and Faridabad. The properties will operate under Lemon Tree Hotels’ brands, with development and commissioning timelines ranging from nine months to five years.

Omaxe managing director Mohit Goel said the partnership would help the company tap growing hospitality demand in Tier-II and Tier-III cities, including pilgrimage centres, commercial hubs and transit locations.

Lemon Tree Hotels managing director Neelendra Singh said the arrangement would accelerate the company’s asset-light expansion strategy and strengthen its presence across diverse markets.

Omaxe said the projects would follow a sale-led development model, with completion funded through sales proceeds rather than loans. The portfolio includes hotels, service apartments and mixed-use hospitality developments.

Tags : Omaxe, Carnation Hotels, Lemon Tree Hotels, Greater Noida, Lucknow