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Movenpick Hotels & Resorts announces third property in India

The Economic Times:  May, 2014

Mumbai: Swiss hospitality chain Movenpick Hotels & Resorts has signed a management agreement to operate a new hotel in Kochi, its third property in India.

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

"India has tremendous potential for further growth in the domestic and international travel segments. Last year, revenues from domestic tourism rose by 5%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," said Andreas Mattmuller, chief operating officer of Movenpick Hotels & Resorts for Middle East and Asia.

The upscale hotel will offer six F&B outlets, meeting rooms and a banquet hall. The property is scheduled to open towards the end of 2014.

"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 agreementand look forward to having the property managed as a Movenpick hotel, with the associated advantages of global distribution reach and international brand recognition," said Jose Mathew, owner 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 Movenpick hotel, with the associated advantages of global distribution reach and international brand recognition," said Jose Mathew, owner of Jomer Properties & Investments.