Lemon Tree Hotels partners with Omaxe Limited for expansion in Tier 2 and Tier 3 cities
1 report, 1 independent
Updated Oct 16
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What happened
Carnation Hotels Private Limited, a subsidiary of Lemon Tree Hotels, entered into a Memorandum of Understanding with Omaxe Limited. The agreement is to operate approximately 4,000 hotel keys in multiple Indian destinations. The proposed sites include locations in Lucknow, Vrindavan, Amausi, Amritsar, Ghaziabad, Greater Noida, Kaushambi, and Faridabad.
From equitybulls.com
Why it matters
The alliance supports Lemon Tree Hotels' asset-light growth strategy. The partnership combines Omaxe Limited's real estate development experience with Lemon Tree Hotels' hospitality expertise. This move accelerates the company's expansion into smaller urban centers, known as Tier 2 and Tier 3 cities.
From equitybulls.com
Who's involved
- Lemon Tree HotelsHotel chain accelerating its growth strategy through a partnership with Omaxe Limited
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The entities involved
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Lemon Tree Hotels
Hotel chain in india
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