# Ganpati Group Announces ₹250 Crore Lucknow Hotel in Sheraton Partnership

> Ganpati Group plans a ₹250 crore, 200-key Lucknow hotel with Sheraton Hotels and Resorts, part of a target of 800–1,000 keys over three to five years.

- Published: 2026-10-22T09:36:06+00:00
- Section: Partnerships
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-22/ganpati-group-lucknow-sheraton-hotel
- Source: [Construction Mirror](https://constructionmirror.com/ganpati-group-announces-%e2%82%b9250-crore-investment-in-lucknow-hotel-partners-with-sheraton-hotels-and-resorts/)

## Key takeaways

- Ganpati Group announced a planned ₹250 crore investment in a 200-key hotel in Lucknow's Vibhuti Khand with Sheraton Hotels and Resorts.
- The project sits within a target of adding approximately 800–1,000 hotel keys over the next three to five years.
- Hospitality forms part of Ganpati Group's upcoming development portfolio of approximately ₹2,000 crore across residential, commercial and hospitality projects.

[Ganpati Group](https://akta.pro/company-profiles/0029oxb/ganpati-group) has announced a planned investment of approximately ₹250 crore in a new 200-key hotel in Lucknow, in partnership with Sheraton Hotels and Resorts. [Construction Mirror](https://constructionmirror.com/ganpati-group-announces-%e2%82%b9250-crore-investment-in-lucknow-hotel-partners-with-sheraton-hotels-and-resorts/) reported the announcement on October 22, 2026. The hotel is planned for Vibhuti Khand, and the project forms part of the Group's planned hospitality expansion.

## Ganpati Group's Lucknow Hotel and Sheraton Tie-Up

The project brings together Ganpati Group's real estate development capabilities and Sheraton Hotels and Resorts' international hospitality brand and management expertise. Ganpati Group is targeting approximately 800–1,000 hotel keys over the next three to five years. Hospitality is a component of the Group's upcoming development portfolio of approximately ₹2,000 crore across residential, commercial and hospitality projects, with Lucknow and Visakhapatnam among its immediate focus markets.

Nikhil Agarwal, Managing Director of Ganpati Group, said, "Hospitality is an important pillar of our long-term growth strategy, and our planned ₹250 crore investment in Lucknow, in partnership with Sheraton Hotels and Resorts, reflects our conviction in the potential of India's evolving hospitality market." Agarwal said Lucknow combines a growing business ecosystem, infrastructure development and tourism potential, making it an important market for the Group's expansion. He said the Group aims to contribute to the city's evolving hospitality infrastructure while building a stronger, more diversified portfolio.

## Ganpati Group's Existing Hotel and Healthcare Moves

Ganpati Group has entered into an agreement with Sarovar Hotels Pvt. Ltd. to open Sarovar Premiere, an 80-room five-star deluxe hotel, in Alwar, according to akta.pro [company records](https://akta.pro/company-data). The same records show the Group is developing multiple Hyatt-branded properties: a 140-room Hyatt Palace/Katra near the Vaishno Devi shrine in Jammu and Kashmir, a Hyatt Centric Jim Corbett resort near the national park, and Hyatt Centric Agra. The Group operates Apollo Clinic in Agra as a franchise of Apollo Health & Lifestyle Limited, a subsidiary of Apollo Hospitals Enterprise Limited, and launched the multi-specialty outpatient franchise on December 25, 2022.

## Other Hotel and Development Partnerships

Hotel101 Global signed definitive binding agreements for a joint venture in Egypt, starting with a 750-room Hotel101-Cairo West in Hay Al Ashgar, [Stock Titan](https://www.stocktitan.net/news/HBNB/hotel101-global-enters-egypt-its-first-entry-in-the-african-ccexjvw5oty2.html) reported on October 21, 2026. The project is valued at approximately $102.09 million and is expected to be completed by 2029. TDI Infratech signed an agreement with Sarovar Hotels to launch Sarovar Portico at its Crescent development in Mohali, [Constructionweekonline](https://www.constructionweekonline.in/business/tdi-infratech-signs-sarovar-hotels-to-launch-sarovar-portico) reported on October 21, 2026. The 72-key hotel is expected to open in 2029 and will be part of a 1.4 lakh sq ft, 100-unit project.

## Ganpati Group's Stated Expansion Timeline

Ganpati Group's hospitality expansion targets approximately 800–1,000 hotel keys over the next three to five years, with Lucknow and Visakhapatnam among its immediate focus markets. The Group's upcoming development portfolio of approximately ₹2,000 crore spans residential, commercial and hospitality projects.

## Companies in this story

- [Ganpati Group company profile](https://akta.pro/company-profiles/0029oxb/ganpati-group) · website: https://ganpatigroupindia.com

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