INDEVA Hotels & Resorts, a unit of India Expo Mart Limited (IEML), has officially signed a management agreement with Royal Estcon Pvt. Ltd. to operate a new property under its “The Mor Stays” brand — marking another milestone in INDEVA’s expanding portfolio of smart and affordable hotels in the Delhi NCR region.
The agreement was signed in the presence of Dr. Rakesh Kumar (Chairman – IEML), Mukesh Kumar Gupta (Director – IEML) Barun Gupta (Chief Operating Officer – INDEVA Hotels & Resorts) and Shubham Nagar (Director – Royal Estcon Pvt. Ltd).
This collaboration represents a strategic step in strengthening INDEVA’s presence in the budget and mid-scale hospitality segment across Delhi NCR, addressing the growing demand for high-quality, affordable accommodation.
Strategically located to serve both business and leisure travellers, the upcoming property will feature 30 well-appointed rooms, a multi-cuisine restaurant, and a banquet facility, offering exceptional comfort and convenience at value-driven prices.
The Mor Stays, a budget hotel brand by INDEVA Hotels & Resorts, is designed for the modern traveller — blending efficiency, contemporary design, and warm hospitality to redefine the economy hotel experience in India.
Speaking on the occasion, the leadership teams from both INDEVA Hotels & Resorts and Royal Estcon Pvt. Ltd. expressed enthusiasm about the partnership, highlighting shared values of quality, innovation, and guest satisfaction.
This signing reinforces INDEVA’s vision of building a robust network of luxury to budget-friendly hotels across key destinations in India and beyond, offering guests consistent quality and dependable hospitality under The Mor Stays brand.”
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