Carnation Hotels inks MoU with Omaxe

Carnation Hotels, a wholly owned subsidiary of Lemon Tree Hotels, has entered into a Memorandum of Understanding (MOU) with Omaxe, a prominent real estate developer, to operate ~ 4,000 keys in multiple key destinations in India.

The proposed hospitality sites shall be located in transit hubs, pilgrimage destinations and commercial districts spanning across Lucknow, Vrindavan, Amausi, Amritsar, Ghaziabad, Greater Noida, Kaushambi and Faridabad.

Commenting on this signing,  Neelendra Singh, Managing Director, 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.?