Ambuja Realty enters into tie up with Swissotel
10 Sep 2009
Ambuja Realty has tied up with Swiss hospitality chain Swissotel for its upcoming five-star business hotel, entailing an investment of Rs 100 crore. The 5-Star hotel would come up at New Town close to Kolkata.
Ambuja Realty group chairman Harsh Neotia said that the 10-year management contract was signed between the Bengal Ambuja Housing Development Pvt Ltd and Swissotel Hotels & Resorts.
The Rs 100-crore hotel project is being built on an area of 1.6 lakh sq feet and will herald the entry of Swissotel Hotels & Resorts - owned by leading international global hospitality major Fairmont Raffles Hotels International, with 91 hotels and resorts worldwide - into India.
The 147-room hotel slated for opening in January, 2010 will be located on the top of its shopping mall City Centre coming up in the area. After Salt Lake, this would be the second City Centre slated for opening on September 19.
According to Neotia this would be the first Swissotel in India.
Swissotel Hotels & Resorts president Meinhard Huck said the Swissotel was a five-star deluxe brand and manages several properties across the globe and was keen to expand its presence in other cities as well in India, he said.