This will be the third property in India.
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.