Real estate developer Omaxe Limited on Monday revealed a dedicated hospitality business vertical with plans to develop 19 hotels across 4-5 years. The company plans to invest around Rs 6,200 crore to develop hospitality assets across high-growth urban centres, pilgrimage destinations, and transit corridors.
Under the new vertical, Omaxe plans to develop 12 hotels in Uttar Pradesh, including two in Ayodhya, three in Lucknow, one each in Prayagraj, Ghaziabad and Gorakhpur, two in Kaushambi and two in Vrindavan. Alongside this, one hotel each in New Delhi, Faridabad and Ujjain, along with four hotels across Chandigarh, Amritsar and Ludhiana, including two properties in Chandigarh will be developed.
