Japan's Softbank and Oravel have formed a joint venture (JV) named Mountainia to launch a premium hotel chain in India
The JV is will launch 5-and 4-star hotels under the brand name ‘Sunday’ across fast-growing Tier 2 Indian cities.
The JV has already opened its first premium hotel in Jaipur. The hotel named 'Sunday Jaipur' is located in the city centre and has an inventory of 90 rooms along with a bar, restaurant, spa and meeting spaces.
The joint venture (JV) plans to open four more Sunday hotels by the end of 2023.