M3M India, Oravel Stays join hands to launch 'SUNDAY' hotel in Gurugram

Luxury real estate developer M3M India and Oravel Stays, the parent company of OYO Hotels & Homes have signed an initial agreement to launch a premium hotel under 'SUNDAY' brand in Gurugram.  In a statement, M3M India said it has signed a Memorandum of Understanding (MoU) to launch 'SUNDAY' Hotel in India.

According to a statement, the project will feature 220 keys, spanning 1.69 lakh sq ft of premium hospitality space. The hotel is located on Southern Peripheral Road (SPR) in Gurugram.

"The Hotel cum Residences offering is set to transform and redefine luxury, convenience, and quality, setting new benchmarks in the commercial real estate and hospitality sectors," the statement reads.

The initiative is part of a larger partnership to develop luxurious hospitality space across 15 lakh square feet with 1,000 keys across multiple destinations in Gurugram and Noida.

"This collaboration is a testament to our shared vision of creating unparalleled commercial spaces that redefine luxury and convenience," Sudeep Bhatt, President of M3M India, said.

Aditya Sharma, Business Head at Oravel Stays Pvt Ltd, said, "The SUNDAY Hotel partnership with M3M India allows us to expand our footprint in the luxury segment in metro cities beginning with Gurugram which has emerged as one of the key destinations for social events, domestic tourists and long stay international guests." M3M India has a portfolio of 56 projects across diverse sectors.

SUNDAY hotels was originally launched in May 2023 through a joint venture between the Softbank Group and Oravel Stays. The first SUNDAY hotel was launched in Jaipur followed by Vadodara and Chandigarh in India and London and Dubai in overseas markets.

In the current portfolio, M3M India has 56 projects spread across retail, residential, offices, service apartments etc. All of its projects launched prior to 2019 have already been delivered and the construction is in full swing in the rest of the projects. It has a land bank of 3,000 acres across Gurugram, Noida and Panipat.