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Swissotel Hotels, a Swiss hospitality chain, has announced its foray into Indian hospitality segment, after an agreement was inked between the Swiss group and Ambuja Realty group to set up a 5 star hotel at Rajarhat New town, which is located in the north-eastern borders of Kolkata.
Swissotel Hotels, a subsidiary of Fairmont Raffles Hotels International, is a global major in hospitality sector. The hospitality chain has 91 hotels and resorts spread across the globe. The company has revealed that the deal has been signed for a period of 10 years, for the management of the proposed 160,000 feet five-star hotel.
"We won't make any investment. We will be paid a fee for running the hotel," Swissotel president Meinhard Huck told, while addressing the media in Kolkata.
According to the chairman of Ambjua Reality group, Harshavardhan Neoti, Ambuja, which will invest about Rs. 100 crore on the hotel, will set up the hotel under the brand name of Swissotel.
Huck said the Fairmont group would come up with two hotels with Indian partners in Hyderabad and Jaipur under the Fairmont brand next year.
