Swiss International opens Development & Representation office in New Delhi/Gurgaon for Southern Asia
Swiss International aims to grow to 20 hotels in India by 2020.
Baar (CH)/ Ras Al Khaimah (UAE)/ New Delhi (India), November 4, 2015 - Swiss International announced the opening of a new office for Development and Representation in Gurgaon for Southern Asia, with an emphasis on India, given the fact that Make-In-India and Digital-India initiative as announced by Government of India is going to give great impetus to hospitality sector. This came to form, as a result of an agreement between "Swiss International" and "Innovest Ventures" of India. The agreement is part of the companies' shared strategy to build a solid presence in the Indian hospitality market. The objective of the cooperation is to open 20 hotels under Swiss International brands within the next 5 years enabling investment to the tune of USD 200 Mn.
Mr. Kapil Singhal, Managing Director of the newly formed Swiss International Hotels & Resorts (India) is determined to achieve the objective and states: “India's hotel market is going through a rapid expansion particularly in the mid & upscale market with special emphasis on vacation destinations. The growing middle class is traveling on business and with their families for leisure purposes. An international brand is appealing for these customers. Swiss International as always assures quality. The franchise - and management formula of Swiss International is complete, and it gears very much on the e-commerce model and capitalizes around the reputation management systems. We can benefit tremendously from their extensive experience and know-how” email@example.com
Mr. Henri W.R. Kennedie, CEO & Managing Director of Swiss International Hotels & Resorts adds: “Swiss International is very actively present in the growth of the hotel markets of the world, such as China, Middle East (GCC countries) and Africa. India is logically, the next site. In Innovest Group, we have found the right partner to develop Swiss International in India. Combined with our international standards, we create a management company that will be able to strongly develop in the area in the next couple of years.
Innovest Group, is a development focused company in unique perspective to manage projects, balancing the projects risks through innovative instruments. Innovest has the rich pool of talent and expertise on financial, technical, of hospitality. As a team, Innovest brings synergetic skill set and learning curve experience in varied functional domains to evolve efficient and effective value adds to promote new concepts of development. Innovest’s Core Team is a group of seasoned professionals with long stints in Infrastructure, Realty and Development Business. The Team at Innovest has demonstrated competence of ideating early bird concepts in various engagements with Public Sector and Corporate in India and Overseas. Innovest firmly believe in collaborative and synergetic associations to leverage upon mutual strengths and experiences of people, brand and associates.
About:Swiss International Hotels & Resorts
Founded in 1982, Swiss International Hotels is established in Switzerland. Swiss International Hotels & Resorts is currently associated with hotels in Switzerland, Germany, the Netherlands, Greater China, the Middle East and Africa. The company is registered in Baar, Switzerland and is operating from the UAE (Ras Al Khaimah). Swiss International is operating and licensing its hotels under the luxury brand “Royal Swiss” the upscale Swiss International and The Residences by Swiss International, as well as the company’s midscale brand Swiss Spirit, Hotels & Resorts.