One Atmosphere is looking to invest Rs 500 crore for the expansion of luxury service apartments, with a target of signing approximately 7500 keys over the next five years across India and in some international markets.India’s extended-stay hospitality sector was valued at over USD 1.6 billion in 2024 and is projected to expand at a CAGR exceeding 15% through 2030, driven by the combination of quality, space and flexibility.The brand operates under an asset-light model through management and lease agreements with developers and property owners.“The shift in the market is clear. Guests want a full hotel experience, delivered into an apartment where they can actually live for the duration of their stay. This investment allows us to bring that experience to more cities, more markets,” said Sandeep Ahuja, Managing Director, ONE AtmosphereApproximately 60% of inventory is expected to be driven through corporate partnerships and bulk room-night agreements, anchored by demand from relocating professionals and expatriates.Average stay durations are projected at five nights and above, with growing interest from shorter-stay guests who are drawn by the quality of space and the ease of having a full hotel operation take care of the details around them.The brand’s first property — ONE Atmosphere Suites at Corner Walk, Gurgaon, developed in partnership with M3M India, is set to open in September 2026.ONE Atmosphere is the fourth premium brand under Atmosphere Core, a hospitality group that manages nine luxury resorts in the Maldives and is now expanding across India and global markets. While Atmosphere Living focuses on branded residences and hospitality-backed real estate, ONE Atmosphere operates as a dedicated hospitality vertical, bringing the same hotel-grade operations and service culture that define the group's resorts into residential-scale apartments across its portfolio.India expansion spans Gurgaon, Noida, Bengaluru, Mumbai and Hyderabad, with international growth planned across Cambodia, Indonesia, Sri Lanka, Thailand and the UAE.
One Atmosphere to invest Rs 500 crore for the expansion of luxury service apartments vertical
ONE Atmosphere is investing Rs 500 crore to expand its luxury service apartments, aiming for 7500 keys in India and abroad over five years. This move taps into India's booming extended-stay market, driven by demand for quality, space, and hotel-like services in residential settings. The brand, part of Atmosphere Core, will launch its first property in Gurgaon in 2026, with further expansion planned across India and key international destinations.
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