Omaxe plans to develop 19 new hotels, chalks out Rs 6,200 crore investment plan
Real-estate developer Omaxe has plans to launch its dedicated hospitality business vertical, with plans to develop 19 hotels spread over nearly 5 million square feet. These hotels will be developed across around 5 states with an investment of Rs 6,200 crore over the next four to five years.
12 out of 19 hotels would be developed in Uttar Pradesh, with two in Ayodhya, three in Lucknow, one each in Prayagraj, Ghaziabad, and Gorakhpur, two in Kaushambi, and two in Vrindavan. Further, one hotel each will be developed in New Delhi, Faridabad, and Ujjain. Four hotels across Chandigarh, Amritsar, and Ludhiana, including two properties in Chandigarh.
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