Omaxe has announced the launch of a dedicated hospitality business vertical with plans to develop 19 hotels across five states over the next four to five years as part of its strategy to strengthen recurring revenues and expand its integrated development ecosystem.The real estate developer proposes to invest approximately Rs 62 billion, subject to regulatory approvals and market conditions, to develop nearly 5 million sq ft of hospitality assets across high-growth urban centres, pilgrimage destinations and transit corridors.The proposed portfolio will be integrated with Omaxe's existing townships, mixed-use developments, commercial projects and urban infrastructure initiatives.Of the planned 19 hotels, 12 will be located in Uttar Pradesh, including two each in Ayodhya, Kaushambi and Vrindavan, three in Lucknow, and one each in Prayagraj, Ghaziabad and Gorakhpur. The company will also develop one hotel each in New Delhi, Faridabad and Ujjain, along with four properties across Chandigarh, Amritsar and Ludhiana, including two in Chandigarh.Among the key projects is a 158-key Gateway Hotel by Indian Hotels Company (IHCL) at The Omaxe State, the company's 50.4-acre mixed-use development in Dwarka, New Delhi, being developed under a public-private partnership model with the Delhi Development Authority.Omaxe also plans to develop transit-oriented hospitality infrastructure through its public-private partnership projects with the Uttar Pradesh State Road Transport Corporation.Hospitality is a natural extension of our integrated development strategy. With improving connectivity, growing religious tourism and increasing travel across emerging markets, there is a clear need for quality hospitality infrastructure in these locations, said Mohit Goel, Managing Director, Omaxe.The hospitality portfolio will cater to business travel, leisure tourism, destination weddings, meetings, incentives, conferences and exhibitions (MICE), and religious tourism. The company plans to develop a mix of midscale and upscale branded hotels, luxury properties, pilgrimage-focused hotels, serviced apartments and extended-stay formats.According to Omaxe, the hospitality business has the potential to generate approximately Rs 10 billion in annual revenue upon stabilisation, subject to project execution, occupancy levels and market conditions.The company said it is currently in advanced discussions with domestic and international hospitality operators for branding and management partnerships, with formal announcements expected following the finalisation of agreements.