Hyatt Regency Gangtok foundation stone laid
- Date: March 1, 2026 : SM Group and Poddar Group -

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Hon’ble Chief Minister of Sikkim Shri Prem Singh Tamang (Golay) laid foundation stone for Hyatt Regency Gangtok

In a decisive move to deepen Sikkim’s premium hospitality infrastructure and position Gangtok as a high-value tourism, wedding and MICE destination, Hon’ble Chief Minister of Sikkim Shri Prem Singh Tamang (Golay) today laid the foundation stone for Hyatt Regency Gangtok, a landmark 150-room five-star hotel coming up in the heart of the capital city, during a formal ceremony held at Chintan Bhawan.

Hon’ble Chief Minister of Sikkim, Shri Prem Singh Tamang (Golay) said, “This Foundation Stone is a symbol of trust, partnership, and the bright future, we are building together in our beautiful Himalayan state, Sikkim. At the onset, I warmly congratulate the SM Group and Poddar Group for their visionary initiative and for placing their confidence in Sikkim.” Hon’ble Chief Minister also extended his sincere appreciation to the leadership of Hyatt for choosing Gangtok as a destination for their prestigious global brand.

He added, “Tourism is a vital pillar of our economy and a lifeline for thousands of families. The flow of visitors to our state consistently exceeds more than double our population, reflecting Sikkim's growing implication as a preferred destination. I am confident that the Hyatt Regency will reflect the spirit of Sikkim, showcasing local art, promoting local cuisine, sourcing local produce and supporting local talent.”

Located in the Mintokgang area within the Suryavilas mixed-use development, the hotel site is strategically positioned just 2 km from MG Marg, within close proximity to major tourist landmarks including Enchey Monastery and the Namgyal Institute of Tibetology and along SH-310, the key arterial road leading to Nathu La Pass, ensuring seamless accessibility for both leisure and business travellers.

With Gangtok recording over 17 lakh tourist arrivals in 2025, including more than 71,000 foreign visitors, the State has witnessed consistent year-on-year growth driven by improved connectivity and reopening of key tourist circuits. Sikkim currently has the capacity to host approximately 42,000–45,000 tourists per day, and the addition of 150 luxury rooms in the city centre is expected to attract higher-spending domestic and international travellers.

The 150-room hotel will be developed within a larger 3.27-acre master planned site and is designed to address the existing demand-supply gap in the luxury segment, particularly within the city centre where premium inventory remains limited.

The project will be developed by Gyalshing Hotels Private Limited, an SPV under SM Hotels and Resorts Pvt Ltd, the hospitality arm of SM Developers. While speaking on the project, Mr. Vikas Agarwal, MD & CEO, SM Developers, said, “This development marks a significant milestone for Sikkim’s hospitality landscape. Designed by SCSY Studio, Singapore to global standards, the hotel will offer experiential luxury, premium culinary offerings, and modern event infrastructure. We are confident it will emerge as the preferred destination for discerning travellers, corporate delegations, and international visitors exploring the Eastern Himalayas.”

The hotel will feature a 180-cover all-day dining restaurant with alfresco seating, a specialty restaurant, bar and lounge, Regency Club, a temperature-controlled outdoor swimming pool, a 3,000 sq. ft. spa, gymnasium, family activity zones, and approximately 13,000 sq. ft. of flexible meeting and event spaces, positioning it as a key anchor for Meetings, Incentives, Conferences and Exhibitions (MICE) tourism in the Eastern Himalayas. The integrated development will also include a licensed casino facility, further strengthening Gangtok’s positioning in high-value tourism and regulated entertainment hospitality.

With large-format event infrastructure integrated into the project, the hotel is also expected to support festival tourism, conventions, destination weddings, cultural showcases, and corporate summits, thereby enabling Gangtok to evolve into a year-round events destination aligned with national initiatives such as Swadesh Darshan 2.0.

The project is expected to generate substantial direct and indirect employment, strengthen local supply chains across agriculture and services, and catalyse allied sectors including transport, handicrafts, and cultural tourism.

With this development, the Government of Sikkim reinforces its strategy of attracting responsible private investment into high-quality infrastructure, strengthening Gangtok’s global positioning, and ensuring tourism-led growth that is sustainable, inclusive, and future-ready.