New Chapter for INDEVA: Budget Brand Expands in NCR

INDEVA Hotels and Resorts, a subsidiary of India Expo Mart (IEML), has entered into a management agreement with Royal Estcon to operate a new property under its budget brand, The Mor Stays.

The agreement was signed in the presence of Rakesh Kumar, Chairman, IEML; Barun Gupta, COO, INDEVA Hotels and Resorts; and Shubham Nagar, Director, Royal Estcon. The partnership highlights a shared vision to deliver dependable and affordable accommodation in the budget and mid-scale segments. The upcoming hotel will offer 30 well-appointed rooms, a multi-cuisine restaurant, and a banquet facility designed to serve both business and leisure guests.

The Mor Stays brand emphasises functional design, streamlined operations, and consistent service at competitive prices, aligning with INDEVA’s mission to provide value-driven hospitality. Both organisations reiterated their commitment to quality, guest satisfaction, and strategic growth—marking an important milestone in INDEVA’s efforts to expand its portfolio of smart, affordable hotels across the Delhi NCR region.

News by Rahul Yelligetti.