MÖVENPICK ANNOUNCES THIRD PROPERTY IN INDIA
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A new 167-room Mövenpick Hotel Kochi is scheduled to open towards the end of 2014. Business facilities include an executive club lounge, complemented by meeting rooms and a banquet hall for 500 guests. The management agreement was signed with ITMA Hotels India, an associate company of Jomer Properties & Investments.
“This is our first hotel venture and choosing a partner with a proven track record was an important decision. We’re delighted to conclude this agreement and look forward to having the property managed as a Mövenpick hotel, with the associated advantages of global distribution reach and international brand recognition,” said Jose Mathew, Owner, Jomer Properties & Investments.
The upscale hotel company of Swiss heritage presently operates Mövenpick Hotel Bangalore and have already announced plans for a spa resort in Dharamshala.
Andreas Mattmüller, Chief Operating Officer, Mövenpick Hotels & Resorts for Middle East and Asia underscored the significance of organic growth in the sub-continent for the company. “India has tremendous potential for further growth in the domestic and international travel segments. Last year, revenues from domestic tourism rose by 5 per cent and that figure is expected to increase to 8 per cent during 2014. Considering this along with the country’s planned infrastructure developments, we’re keen to continue expanding our existing portfolio in India by including additional key cities,” he said.