Migsun Group has entered into a partnership with hospitality brand Clubhouse to develop and operate a 200-key hotel at its mixed-use Migsun Janpath project in Lucknow.
The hotel will be developed under a 28-year long-term revenue-sharing lease arrangement, marking a strategic addition to the Migsun Janpath development. Designed to cater to business travellers, leisure guests and social events, the property will complement the project’s retail, commercial and lifestyle offerings.
With Lucknow witnessing steady growth in organised hospitality and mixed-use developments, the hotel is expected to address the rising demand for quality accommodation in the city.
Commenting on the partnership, Migsun Group Managing Director Yash Miglani said the association with Clubhouse aligns with the group’s strategy of adding stabilised, income-generating assets to its mixed-use projects. He noted that the long-term revenue-sharing structure ensures alignment between the developer and operator while allowing the asset to adapt to evolving market conditions.
News by Rahul Yelligetti.