Indeva Hotels & Resorts, a distinguished 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. The signing marks another milestone in Indeva’s ongoing expansion across the smart and affordable hotel segment in the Delhi NCR region. The agreement was formalised in the presence of Dr. Rakesh Kumar, Chairman, IEML, Mr. Mukesh Kumar Gupta, Director, IEML, Mr. Barun Gupta, COO, Indeva Hotels & Resorts, and Mr. Shubham Nagar, Director, Royal Estcon Pvt. Ltd.
This collaboration underscores Indeva’s commitment to strengthening its presence in the budget and mid-scale hospitality sector, catering to the rising demand for high-quality yet affordable accommodations in one of India’s most dynamic travel markets. 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- designed to deliver exceptional comfort, convenience, and value.
The Mor Stays is Indeva’s contemporary budget hotel brand, conceptualised for the modern, price-conscious traveller. The brand focuses on efficiency, contemporary design, and warm hospitality, aiming to redefine the economy hotel experience in India.
“This signing reinforces Indeva’s vision of building a robust network of hotels—from luxury to budget-friendly—across key destinations in India and beyond. With The Mor Stays, we aim to offer guests dependable hospitality and consistent quality at accessible price points,” said Mr. Barun Gupta, COO, Indeva Hotels & Resorts.
The partnership marks yet another stride toward Indeva Hotels & Resorts’ mission of delivering seamless, value-driven hospitality experiences to travellers across the country.