Sunday PropTech Acquires 89-Room Hotel in Kolkata, Marks Eastern India Entry
Sunday PropTech has acquired an 89-room hotel in Rajarhat, Kolkata, marking its first move into Eastern India's hospitality market. The company plans to rebrand the property as Clubhouse, part of its Sunday Collection portfolio.
The hotel was built in 2017 and occupies a six-storey building. It has food and beverage facilities as well as meeting spaces. Its location in Rajarhat also places it within reach of Kolkata's airport and several commercial centres.
Ecospace Business Park, Bengal Silicon Valley and Biswa Bangla Convention Centre are among the nearby destinations. The surrounding business district gives the property access to corporate travellers and visitors attending events in the area.
Plans for the Kolkata property
The acquisition is not the end of the process. Sunday PropTech plans to reposition the hotel before bringing it under the Clubhouse name. The transition is expected to take place over the coming months, although a specific opening date has not been announced.
PRISM's hospitality network will support the property's operations. This includes its technology platform, distribution network and centralised revenue management system. The company expects these capabilities to help manage the hotel and establish its position in the market.
The purchase price has not been made public. Details of the investment required for refurbishment and rebranding have also not been disclosed.
Further expansion in West Bengal
Sunday PropTech is also looking at other hotel investment opportunities in West Bengal. Saurav Agarwal, Board Member of Sunday PropTech, said the acquisition reflects the company's confidence in the state's hospitality and tourism potential. He continued to express his appreciation to the state government for helping with the transaction.
After acquiring eight luxury serviced-apartment hotels worth over 800 crore, the Kolkata snap-up has now taken place. Those properties are expected to operate under brands in PRISM's hospitality network, including Sunday Hotels and Belvilla.
With the Rajarhat property, Sunday PropTech adds another hotel to its growing portfolio while entering a new regional market.. He also acknowledged the state government's support in facilitating the transaction.
The company is evaluating additional hotel investment opportunities across West Bengal as part of its regional expansion plans.
The Kolkata deal follows another significant portfolio acquisition by Sunday PropTech. The company recently acquired eight premium serviced-apartment hotels with a combined value of approximately ₹800 crore. These properties are expected to operate under brands within PRISM's hospitality network, including Sunday Hotels and Belvilla.
With its latest acquisition, Sunday PropTech is extending its hospitality ownership strategy into Eastern India. Its approach involves acquiring existing hotel properties and repositioning them through established brands and centralised operating capabilities.
