Cygnett Hotels & Resorts expands Cozzet footprint with Greater Noida signing
Cozzet Greater Noida signing
Cozzet Greater Noida will offer 50 rooms designed in a mix of comfort and functionality aligned with the brand's philosophy of 'Smart, Safe & Sensible'.
Cygnett Hotels & Resorts has announced the signing of Cozzet Greater Noida, operating under Cygnett's value brand, Cozzet, further strengthening the group's presence in North India's fast-growing business and institutional corridor.
Designed to cater to the business and short-stay traveller, Cozzet Greater Noida will offer 50 rooms designed in a mix of comfort and functionality aligned with the brand's philosophy of 'Smart, Safe & Sensible'. The property will also feature 2,500 sq. ft. of banquet and meeting space, apt for corporate meetings, social functions, and small events; an all-day dining restaurant serving contemporary Indian flavours alongside popular global favourites; and also a well-equipped fitness centre catering to the wellness needs of modern travellers.
On the signing of the agreement, Sarbendra Sarkar, Founder & Managing Director, Cygnett Hotels & Resorts, said, "The economy and value hotel sector remains a major growth generator in the Indian hospitality industry. Cozzet, our value hotel brand in Cygnett, aims to capitalise on the growing demand for favourably located and efficiently run hotels that can provide assured branded services at reasonable prices. The opening of Cozzet Greater Noida marks our push to follow a planned development strategy in various major business centres."
Economy hotels, budget hotels, and value hotels combined constitute around 29% of the overall existing rooms in the Indian market, and the midscale and economy segments combined lead the overall market share of existing rooms in the country, outperforming the luxury segment. This is said to highlight the major role played by budget hotels. This underscores the pivotal role played by budget and value hospitality in India’s growth story.
Aligned with this market reality, Cygnett Hotels & Resorts continues to strengthen its presence through the Cozzet brand, with upcoming hotels in key business and leisure destinations such as Ayodhya, Prayagraj, Amritsar, Hyderabad, and several other high-potential markets across the country.
