The acquired six-storey property, originally constructed in 2017 near Netaji Subhas Chandra Bose International Airport, will be repositioned under the mid-premium Clubhouse brand. Board member Saurav Agarwal emphasized the firm's confidence in regional tourism, confirming ongoing evaluations for additional hotel assets across the state. This initiative follows the company's Rs 800 crore purchase of eight serviced-apartment hotels intended for operation under PRISM brands like Sunday Hotels and Belvilla. Currently active in India, the US, and the UAE, the firm continues to seek further market opportunities across Europe.
Key points
Sunday PropTech is leveraging the brand ecosystem, distribution network, and technology o…: Sunday PropTech is leveraging the brand ecosystem, distribution network, and technology of PRISM to drive operational growth.
The company is actively evaluating additional hospitality investments across West Bengal…: The company is actively evaluating additional hospitality investments across West Bengal to meet rising commercial and IT travel demand.
Beyond its presence in India, the UAE, and the United States, the hospitality firm is cur…: Beyond its presence in India, the UAE, and the United States, the hospitality firm is currently pursuing expansion into Europe.
Sources checked by our analysis pipeline: 1
The property, which will be operated under the company's mid-premium Clubhouse brand, is part of its strategy to expand its portfolio of premium and mid-premium hospitality assets across India.
Built in 2017, the six-storey hotel is located close to Netaji Subhas Chandra Bose International Airport, according to a statement.
The company plans to reposition and rebrand the property over the coming months, leveraging the hospitality brand ecosystem, technology platform and distribution network of PRISM, its backing entity, to improve operational performance and guest experience.
Commenting on the acquisition, Sunday PropTech board member Saurav Agarwal said the company was confident about West Bengal's hospitality and tourism potential and thanked the state government for its support and facilitation.
The company is also evaluating further hotel investment opportunities across West Bengal, he said.
Kolkata's growing commercial activity and expanding IT and business infrastructure, coupled with demand from corporate travellers, make it an important market in the company's expansion plans, the statement said.
Sunday PropTech has recently acquired eight premium serviced-apartment hotels with a combined value of approximately Rs 800 crore. These properties will…
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