Clubhouse to manage 200-key hotel at Migsun Janpath in Lucknow

The addition of the hotel is a part of Migsun Janpath’s planned development mix

Leading realty player, Migsun Group, has signed Clubhouse, a hospitality brand, to develop and operate a 200-key hotel at its mixed-use project Migsun Janpath in Lucknow. The agreement has been structured as a 28-year-long-term revenue share lease.

Real estate company Migsun Group has signed a revenue share lease agreement, for a period of 28 years, with Clubhouse, a hospitality brand, to develop and operate a 200-key hotel at its mixed-use project Migsun Janpath, Lucknow. 

In a press statement, Migsun says that the addition of the hotel is a part of Migsun Janpath’s planned development mix, integrating retail, commercial and lifestyle components. 

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It adds that the upcoming hotel is expected to cater to business travellers, social events and leisure demands as Lucknow continues to see growth in organised hospitality and mixed-use developments. 

Yash Miglani

“The signing of Clubhouse is aligned with our strategy of adding stabilised, income-generating assets to our mixed-use developments. Lucknow has been witnessing consistent demand across business, social, and leisure travel, which creates a strong quality case for well-located hotels. The 28-year revenue share structure ensures long-term alignment between developer and operator while allowing the asset to respond to market changes over time. We believe this addition will strengthen the overall project ecosystem and contribute meaningfully to the city’s evolving hospitality landscape,” says Yash Miglani, Managing Director, Migsun Group.

The statement says that the addition of Clubhouse will bring a hospitality dimension to Migsun Janpath and enhance its appeal as a destination integrating retail, leisure and stay experiences.