Restaurant Franchise Opportunities

Expansion May, 23 2014

Movenpick to open hotel in Kochi

This will be the third property in India.

By Franchise India Bureau
Movenpick to open hotel in Kochi

Movenpick Hotels & Resorts, the Swiss hospitality chain has signed an agreement to open hotel in Kochi adding the third property in its portfolio.

The hotel will have 167 rooms which will be owned by ITMA Hotels India Private Ltd, an associate company of Jomer Properties & Investments.

Addressing the media, Andreas Mattmuller, CEO, Movenpick Hotels & Resorts, Middle East and Asia, said, "Last year, revenue from domestic tourism rose by five percent and that figure is expected to increase to eight percent 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.”

The hotel will have six F&B outlets, meeting rooms and a banquet hall and is scheduled to open by end of 2014.

Related: MOD opens 25th outlet in Mumbai

Click Here to add Comment
Please add your Comment
Rating
NEWSLETTER SIGNUP

Submit your email address to receive the latest updates on news & host of opportunities.

Most

Video

Magazines & Books

Read the latest franchising magazines and books to get comprehensive and up-to-date information on leading franchise systems, trends and more.

BOS
Recommended For You
Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Restaurant India

Copyright © 2009 - 2016 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.