Migsun Group Secures Clubhouse for 200-Key Hotel in Lucknow
The signing of Clubhouse is aligned with our strategy of adding stabilised, income-generating assets to our mixed-use developments.
By SOH Edit Team
Leading real estate developer Migsun Group has partnered with hospitality brand Clubhouse to develop and operate a 200-key hotel at its mixed-use project, Migsun Janpath, in Lucknow. The partnership has been structured as a 28-year long-term revenue-sharing lease, aligning the interests of both developer and operator.
The upcoming hotel will be an integral part of Migsun Janpath’s mixed-use development, which is planned to bring together retail, commercial, and lifestyle offerings under one destination. Once operational, the hotel is expected to cater to business travellers, social events, and leisure guests, as Lucknow continues to see steady growth in organised hospitality and integrated developments.
Strategic Focus on Income-Generating Assets
Commenting on the development, Yash Miglani, Managing Director, Migsun Group, said the partnership reflects the company’s strategy of building stabilised, income-generating assets within its mixed-use portfolio. “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 case for well-located quality hotels,” Miglani said.
Yash Miglani, Managing Director, Migsun Group
Long-Term Alignment Through Revenue-Sharing Model
Miglani added that the 28-year revenue-sharing structure offers long-term alignment while allowing flexibility to respond to evolving market conditions. “The revenue-share structure ensures long-term alignment between the developer and the 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,” he noted.
Strengthening Migsun Janpath’s Destination Appeal
The inclusion of Clubhouse is expected to add a strong hospitality layer to Migsun Janpath, enhancing its positioning as a destination that seamlessly integrates retail, leisure, and stay experiences.
Migsun Group has delivered over 40 projects across the NCR region, building a reputation for quality, innovation, and timely delivery. With a robust pipeline of upcoming developments, the Group continues to expand its presence while strengthening its leadership position in the Indian real estate sector.
