Omaxe to invest Rs 6,200 cr in new hospitality arm, plans 19 hotels across 5 states
Realty developer Omaxe launches a dedicated hospitality vertical, committing Rs 6,200 crore to build 19 hotels across 13 cities in 5 states over 4-5 years. Includes IHCL-branded properties and a 158-key Gateway Hotel, targeting Rs 1,000 crore in annual revenue.
Omaxe launches a dedicated hospitality vertical, investing Rs 6,200 crore to develop 19 hotels across 13 cities in 5 states over 4-5 years, including IHCL-branded properties, targeting Rs 1,000 crore annual revenue.
Why this matters
Omaxe extends its realty playbook into hospitality, echoing its 50.4-acre Dwarka destination with a stadium and AC high street. The Rs 6,200 crore hotel push signals a shift toward branded, revenue-generating mixed-use assets.
Retail-company signals steady at 3,992 over the trailing 90 days.