Zon Hotels Mumbai Pvt Ltd, a joint venture between the SanRaj Group and DGS Group, has begun discussions with IHG Hotels & Resorts for a proposed luxury hotel in Mumbai’s western suburbs. As part of this development, the parties have entered into a non-binding Memorandum of Understanding (MOU) for a 350-room greenfield hotel project, with a strong focus on a luxury brand such as InterContinental.
This proposed association represents a significant milestone in the expansion of global hospitality brands across Mumbai’s western business corridors. At the same time, the collaboration underscores SanRaj Group’s strategic role in bringing international hospitality operators into high-growth urban markets.
The parties formally signed the MOU on January 21, 2026, at 4:00 pm at the Holiday Inn, Mumbai. Sudeep Jain, Managing Director – South West Asia, IHG Hotels & Resorts, executed the agreement on behalf of the global hospitality group, while Rajdip Gupta, Director, signed on behalf of Zon Hotels (Mumbai) Pvt Ltd. Zon Hotels (Mumbai) Pvt Ltd is promoted by its Directors—Sandip Gupta, Rajdip Gupta, Ishwar Shukla, and Rohit Shukla.
Importantly, the non-binding MOU reflects Zon Hotels Mumbai’s intent to develop a landmark luxury hotel in India. Following this step, the project will move into the construction phase after the execution of a definitive Hotel Management Agreement. This process will take place after the completion of due diligence, detailed planning, and the receipt of necessary internal and regulatory approvals from both Zon Hotels and IHG.
Commenting on the development, Sandip Gupta and Rajdip Gupta said, “The Western Region of Mumbai is fast emerging as an important commercial and business hub in Mumbai, supported by improved infrastructure and growing corporate activity. This project aligns with our vision of developing high-quality hospitality assets that would cater to the evolving needs of both business and leisure travellers. Collaborating with IHG would further strengthen our commitment to delivering globally benchmarked hospitality developments.”
In addition, Ishwar Shukla and Saurabh Parsrampuria highlighted the strategic value of the collaboration and said, “We are excited about this potential collaboration with IHG. Our focus is on delivering a premium guest experience supported by global operational systems, strong brand equity, and professional hotel management.”
Looking ahead, the upcoming luxury hotel aims to serve a diverse mix of corporate travellers, MICE demand, and leisure guests. Consequently, the project will further enhance hospitality infrastructure in Mumbai’s western suburbs while supporting the region’s growing commercial ecosystem.
Moreover, the development reflects a broader trend of collaboration between Indian real estate developers and global hotel operators as international hospitality brands continue to expand their footprint in high-growth urban micro-markets.
With improved connectivity, expanding office developments, and rising commercial activity, Mumbai’s western region has firmly established itself as a prime destination for business, real estate, and hospitality investments.
