INDEVA Hotels and Resorts, a subsidiary of India Expo Mart (IEML), has signed a management agreement with Royal Estcon to operate a new property under its budget brand, The Mor Stays.

The agreement was formalised in the presence of Rakesh Kumar, Chairman, IEML, Barun Gupta, COO, INDEVA Hotels and Resorts; and Shubham Nagar, Director, Royal Estcon. This collaboration underscores a shared commitment to providing reliable, affordable accommodation in the budget and mid-scale segments. The upcoming property will feature 30 rooms, a multi-cuisine restaurant, and a banquet facility, catering to both business and leisure travelers.

The Mor Stays brand focuses on practical design, efficient operations, and consistent service at competitive pricing, reflecting INDEVA’s vision of value-driven hospitality. Both organisations emphasised their joint dedication to quality, guest satisfaction, and strategic expansion, marking a significant step in INDEVA’s plan to build a strong portfolio of smart and affordable hotels across Delhi NCR.