M3M India and Oravel Stays, the parent company of OYO Hotels & Homes, have signed a memorandum of understanding (MoU) to expand the Sunday hotel brand in India. The first project will come up in Gurugram, Haryana.

The first project will be a 220-key hotel at M3M SkyLoft, Gurugram, spanning 1.67 lakh sq. ft. Located near Cyber City 2, this hotel aims to attract business travelers and conference attendees. The hotel is located near the proposed upcoming Cyber City-2 on Southern Peripheral Road (SPR), and will be a suitable option for business travellers and professionals well as for those attending meetings and conferences.

This MoU will pave the way for development of 1.5 million sq. ft. of world-class facilities which will set new benchmarks. The initiative is part of the partnership to develop luxurious hospitality space across 15 lakh sq. ft. with 1,000 keys across multiple destinations in Gurugram and Noida.

The transaction was facilitated by transactional advisory and consultancy firm Corevest Advisory. The architectural design is led by Zubin Cooper, CEO of Bentel Associates International.