Zon Hotels Mumbai Signs Initial MOU for a Luxury Hotel with IHG

Zon Hotels strengthens its luxury hospitality vision as it signs MOU for the upcoming 350 -room hotel project, focused on a luxury brand such as InterContinental

Zon Hotels Mumbai Pvt Ltd, a joint venture between SanRaj Group and DGS Group, has initiated discussions with IHG Hotels & Resorts for an upcoming luxury hotel in Mumbai’s Western suburbs. The parties have entered into a non-binding MOU for the upcoming 350 -room hotel project, focused on a luxury brand such as InterContinental. The association will mark a significant milestone in the expansion of global hospitality brands across Mumbai’s Western Region business corridors and will reinforce SanRaj Group’s strategic role in onboarding international hospitality operators.

The MOU was formally signed on January 21 at 4:00 pm at the Holiday Inn, Mumbai. It was executed by Sudeep Jain, Managing Director, South West Asia, IHG Hotels & Resorts, representing the global hospitality group and Rajdip Gupta, Director, representing Zon Hotels (Mumbai) Pvt Ltd. Zon Hotels (Mumbai) Pvt Ltd is promoted by its Directors – Sandip Gupta, Rajdip Gupta, Ishwar Shukla, and Rohit Shukla. This non-binding MOU signals the intent of Zon Hotels Mumbai to construct a leading luxury hotel in India. It is anticipated that the hotel will begin construction post execution of the definitive Hotel Management Agreement after completion of the appropriate diligence, planning and subsequent approvals within Zon Hotels and IHG

Commenting on the development, Sandip Gupta and Rajdip Gupta, Directors, Zon Hotels, said: “Western Region of Mumbai is fast emerging as an important commercial and business hub in Mumbai, supported by improved infrastructure and growing corporate activity. This project aligns with our vision of developing high-quality hospitality assets that would cater to the evolving needs of both business and leisure travellers. Collaborating with IHG would further strengthen our commitment to delivering globally benchmarked hospitality developments.”

Zon Hotels Directors Ishwar Shukla and Saurabh Parsrampuria added: “We are excited about this potential collaboration with IHG. Our focus is on delivering a premium guest experience supported by global operational systems, strong brand equity and professional hotel management.”

The upcoming greenfield hotel is expected to cater to a mix of corporate travellers, MICE demand and leisure guests, further strengthening Mumbai’s hospitality infrastructure in the western suburbs. The project highlights the growing trend of collaboration between Indian developers and global hotel operators as international brands expand their footprint in high-growth urban micro-markets.

With enhanced connectivity, expanding office developments and increasing commercial activity, Western Region of Mumbai has emerged as a key destination for business, real estate and hospitality investments.