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Omaxe Unveils $421M Plan for 10 Hotels in India
financeasianhospitality.com··1 min·For: Owner, Investor, GM

Omaxe Unveils $421M Plan for 10 Hotels in India

Developer Omaxe is investing $421 million to build 10 hotel and serviced apartment projects across India's tier-two and tier-three cities. The developments will be self-funded through property sales rather than debt, with openings scheduled over the next nine months to five years.

Key Takeaways

  1. 1Omaxe will develop 10 properties valued at $421 million across transit hubs and pilgrimage towns.
  2. 2Projects feature key markets including Lucknow, Vrindavan, Amritsar, and Greater Noida.
  3. 3All developments will be financed using revenue from property sales rather than bank loans.

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Source: asianhospitality.com

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