In a major boost to the tourism and hospitality sector in Sikkim, Chief Minister Prem Singh Tamang on Sunday laid the foundation stone for the five-star hotel, Hyatt Regency Gangtok.
The 150-room five-star hotel will come up in the Mintokgang area of Gangtok as part of the Suryavilas mixed-use development, located 2 km from MG Marg. The project is positioned to strengthen Gangtok’s premium hospitality capacity amid rising tourist inflow.
Speaking at the ceremony held in Chintan Bhawan, the Chief Minister described the project as a symbol of partnership and progress. He said tourism remains a key pillar of Sikkim’s economy, supporting thousands of families.
CM Tamang said, “This Foundation Stone is a symbol of trust, partnership, and the bright future, we are building together in our beautiful state. At the onset, I warmly congratulate the SM Group and Poddar Group for their visionary initiative and for placing their confidence in Sikkim.”
The 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.”
Gangtok recorded over 17 lakh tourist arrivals in 2025, including more than 71,000 foreign visitors. Officials said that the state has witnessed consistent year-on-year growth driven by improved connectivity and reopening of key tourist circuits, adding that the addition of 150 luxury rooms in the city centre is expected to attract higher-spending domestic and international travellers.
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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, stated that the hotel will offer experiential luxury, premium culinary offerings, and modern event infrastructure. He also exuded confidence that 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.
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.
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.
