Sunday PropTech Ltd has acquired an 89-room hotel in Kolkata’s Rajarhat area for an undisclosed consideration, marking its entry into the eastern Indian hospitality market.
Built in 2017, the six-storey property is located close to Netaji Subhas Chandra Bose International Airport and will be repositioned under the company’s mid-premium Clubhouse brand.
The company plans to undertake refurbishment and rebranding over the coming months, leveraging the hospitality brand ecosystem, technology platform and distribution network of its backing entity, PRISM, to improve operational performance and guest experience.
The acquisition is part of Sunday PropTech’s strategy to expand its portfolio of premium and mid-premium hospitality assets across India.
Commenting on the development, Sunday PropTech board member Saurav Agarwal said the company sees significant potential in West Bengal’s hospitality and tourism sectors. He also acknowledged the state government’s support in facilitating the acquisition.
The company is evaluating further hotel investment opportunities across West Bengal, indicating plans to expand its presence in the state.
