M3M India, a leader in luxury real estate development, and Oravel Stays, the parent company of OYO Hotels & Homes, have signed a landmark MoU to launch India’s largest SUNDAY Hotel. This ambitious project will feature 220 rooms at M3M SkyLoft on New Golf Course Road Extension in Gurugram, covering approximately 1.67 lakh square feet of the total 15 lakh square feet available.
Located near the proposed Cyber City 2 on Southern Peripheral Road (SPR) in Gurugram, the hotel will be an attractive option for business travelers, professionals working in the area, and those attending meetings and conferences.
This strategic location meets the high expectations of discerning travelers who seek exceptional experiences, state-of-the-art amenities, modern design, and unparalleled services.
The Hotel cum Residences will redefine luxury, convenience, and quality, setting new benchmarks in the commercial real estate and hospitality sectors.
This initiative is part of a more significant partnership to develop luxury hospitality spaces across 15 lakh square feet, with 1000 rooms spread across multiple destinations in Gurugram and NOIDA.
Corevest Advisory, a well-known transactional advisory and consultancy firm, successfully facilitated this transaction.
The MoU between M3M India and Oravel Stays reflects their shared commitment to enhancing the urban environment and delivering exceptional services and amenities. This strategic alliance is expected to boost the local economy, create job opportunities, and set new standards in the commercial and hospitality industries.
As the project nears market entry, it is poised to attract many stakeholders, including investors, business owners, and tourists seeking upscale experiences in a prime location. The development is designed to meet the growing demand for superior commercial spaces and hospitality services in the area.
Mr. Zubin Cooper, CEO of Bentel Associates International, is leading the project’s architectural design. His renowned expertise will ensure that the development exudes unmatched sophistication and functionality, making it a standout in the luxury market.
Sudeep Bhatt, president, M3M India, said, “We are thrilled to announce the signing of this significant Memorandum of Understanding with Sunday Hotel, marking a pivotal moment for M3M India. This collaboration is a testament to our shared vision of creating unparalleled commercial spaces that redefine luxury and convenience. With this MoU, we are poised to develop 1.5 million square feet of world-class facilities that will set new benchmarks in the industry. We are confident that this partnership will bring immense value to our stakeholders and contribute to the fast growing region.”
Aditya Sharma, business head, Oravel Stays Private Limited added “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. Our shared vision is to create a landmark property that offers the best of comfort, convenience, and sophistication.”
M3M India’s portfolio includes 56 projects across retail, residential, offices, and service apartments. All projects launched before 2019 have already been delivered, and construction is in full swing for the remaining projects. The company also holds an impressive land bank of 3,000 acres across Gurugram, Noida, and Panipat.
SUNDAY Hotel, a premium hotel brand, was originally launched in May 2023 through a joint venture between the Softbank Group and Oravel Stays. The first SUNDAY Hotel was opened in Jaipur, followed by launches in Vadodara, Chandigarh, London, and Dubai.
