The Hospitality Newsletter
Today
Omaxe to Invest $421M in 10 Indian Hotel Projects
Featuredfinanceasianhospitality.com··1 min·For: Investor, Owner, Revenue

Omaxe to Invest $421M in 10 Indian Hotel Projects

Indian developer Omaxe plans to build 10 hospitality projects worth $421 million across tier-two and tier-three destinations including Lucknow, Vrindavan, and Amritsar. The developments will be funded through property sales and are slated for completion within nine months to five years.

Key Takeaways

  1. 1Omaxe is developing 10 hotels and serviced apartment projects totaling $421 million
  2. 2Target destinations focus on secondary markets, transit hubs, and pilgrimage centers across northern India
  3. 3Construction will be funded through property sales rather than debt financing

Read original source →

Source: asianhospitality.com

Keep reading

Our reporting

OriginalHotel M&A Value Reaches $39.6B Despite Falling VolumeWritten from 2 sources
OriginalAhmedabad Needs 22,000 Keys for 2030 GamesWritten from 2 sources

More in finance

Lodging MagazineCoStar Data Shows Strong US Hotel Gains in July1 min readeHotelierIHG Signs 11-Hotel Portfolio Across France, Germany, Belgium1 min readHospitalityNetChoice Hotels Opens 30th Everhome Suites in Texas1 min read

Also relevant for Investor, Owner

Hotels MagazineDiplomat Beach Resort Rebrands as Signia by Hilton1 min readhotelowner.co.ukHilton Signs 10 Spark Hotels Across UK Pipeline1 min readLodging Magazinedormakaba to Acquire Alliants to Expand Tech Stack1 min read
All finance newsFor InvestorFor OwnerFor RevenueToday's briefing