(Company’s largest single operating arrangement increasing its development pipeline to nearly 16,000 keys in total)
TTT NEWS NETWORK
NEW DELHI | 16 OCTOBER 2026
Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited, one of India’s largest hotel chains, has entered into a Memorandum of Understanding (“MOU”) with Omaxe Limited,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, Mr. 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 accelerateLemon Tree Hotels’ asset-light growth strategy, enabling the Company to expand its managed portfolio across diverse markets and asset formats.”
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 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.”
ABOUT LEMON TREE HOTELS LIMITED
Lemon Tree Hotels Limited (LTHL) is one of India’s leading hospitality companies, catering to a wide range of customers – from value-conscious travellers to premium business and leisure seekers. With seven distinct brands – Aurika Hotels & Resorts, Lemon Tree Premier, Lemon Tree Hotels, Red Fox, Keys Prima, Keys Select, and Keys Lite – the group offers experiences across upper upscale, upscale, upper midscale, midscale, leisure, wildlife, and spiritual segments.
LTHL operates 130+ hotels across 80+ cities in India and abroad, with a growing pipeline of 140+ upcoming properties. From metro hubs like Delhi-NCR, Mumbai, Bengaluru, and Hyderabad to tier II & III cities such as Jaipur, Udaipur, Kochi, and Indore – and with an international presence in Bhutan and Nepal – Lemon Tree Hotels delivers exceptional comfort, consistent quality, and a warm, refreshing experience.
Since opening its first 49-room hotel in 2004, the group has grown to 270+ properties (operational and upcoming), becoming a trusted name in hospitality for both business and leisure travellers.
Advertisement:
Add Comment