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Swissôtel signs Hotel in Kolkata, India

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Swissôtel Hotels & Resorts has signed a 10-year management contract with Bengal Ambuja Housing Development (BAHDL), part of the Ambuja Realty Group in India, for a Swissôtel in Kolkata.

The upcoming five-star deluxe hotel, scheduled to open early 2010, will be part of Kolkata’s second City Centre shopping mall in the new and developing city district of Rajarhat (New Town). It is also conveniently located just three kilometres away from Netaji Subash Chandra Bose International Airport, the only international airport in the region. In recent years, Rajarhat has become home to numerous large IT and commercial companies such as IBM, Philips, Wipro and Tata.

This latest addition to the Swissôtel family will house 147 rooms, each at least 32 square metres in size, and three restaurants (including one specialty and one open-air restaurant), a lobby bar and a poolside bar. Other facilities include conference rooms with 1,261 square metres of meeting and banquet space, a fitness centre and a rooftop swimming pool.

“India is the world’s second-largest nation; the numbers are on a gigantic scale,” said Meinhard Huck, President Swissôtel Hotels & Resorts. “India is set to become the world’s third-largest economy by 2020. Consumer demand is growing steadily, particularly in the cities, and the middle class, which is also growing rapidly, has ever increasing consumption needs. Against this background, we see great potential for our hotel chain and are delighted to have found in BAHDL a well-known partner that appreciates our Swiss values.”

The management contract was signed with BAHDL, a company belonging to the prominent Neotia family, which has built up India’s largest cement business, before divesting the same few years ago. Since then the Neotia family has been focusing entirely on real estate business, the construction and operation of shopping malls, housing, commercial space and the hotel industry.

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