Restaurant India News: Omaxe to Invest Rs 6,200 Crore in Hospitality, Plans 19 Hotels Across India

Real estate developer Omaxe Limited has announced the launch of a dedicated hospitality business vertical, marking its entry into the hotel sector with plans to develop 19 hotels over the next 4–5 years. The company has proposed an investment of approximately Rs 6,200 crore to build hospitality assets across high-growth urban centres, pilgrimage destinations and transit corridors.

According to a regulatory filing, Omaxe plans to expand its hospitality footprint across 13 cities in five states, integrating hotels with its existing townships, mixed-use developments, commercial projects and urban infrastructure.

The planned portfolio includes 12 hotels in Uttar Pradesh, comprising two in Ayodhya, three in Lucknow, one each in Prayagraj, Ghaziabad and Gorakhpur, two in Kaushambi and two in Vrindavan. The company will also develop one hotel each in New Delhi, Faridabad and Ujjain, along with four hotels across Chandigarh, Amritsar and Ludhiana, including two properties in Chandigarh.

In its filing, the company stated, "The company proposes to invest approximately Rs. 6,200 crore over the next 4–5 years, subject to project-specific, regulatory, and other necessary approvals, as well as market conditions, to develop hospitality assets across high-growth urban centres, pilgrimage destinations, and transit corridors."

Omaxe expects the new hospitality vertical to generate more than Rs 1,000 crore in annual revenue once the portfolio stabilises. The company noted that the projection is based on current business assumptions and remains subject to project execution, occupancy levels, market conditions, regulatory approvals and other relevant factors.

Among its key developments is the 158-key Gateway Hotel by IHCL at The Omaxe State, the company's 50.4-acre integrated destination in Dwarka, New Delhi, being developed under a Public-Private Partnership (PPP) model with the Delhi Development Authority (DDA).

The company will also develop transit-oriented hospitality infrastructure in Uttar Pradesh through its PPP projects with the Uttar Pradesh State Road Transport Corporation (UPSRTC).

Omaxe said its hospitality portfolio will include midscale and upscale branded hotels, luxury and premium flagship properties, high-capacity pilgrimage hotels, branded serviced apartments and extended-stay studios, supporting its long-term expansion in India's growing hospitality sector.