Migsun Group signs Clubhouse to develop and operate a 200-key hotel at Migsun Janpath, Lucknow
Migsun Group has entered into an agreement with Clubhouse, a hospitality brand, for the development and operation of a 200-key hotel at its mixed-use project, Migsun Janpath, in Lucknow. The arrangement has been structured as a 28-year long-term revenue share lease.
The hotel forms part of the planned development mix at Migsun Janpath, which includes retail, commercial, and lifestyle components. The upcoming property is expected to address demand arising from business travel, social events, and leisure activity, as Lucknow continues to see growth in organised hospitality and mixed-use developments.
Commenting on the signing, Yash Miglani, Managing Director of the company, said, “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.”
The inclusion of the hotel is expected to add a hospitality component to the overall project, supporting its positioning as a mixed-use destination integrating retail, leisure, and accommodation.
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