- Accor has ended its association with Ambuja-Neotia Group, the owner of SwissTel Hotel Asset, Kolkata, from 1 July
- The term of the management contract for this five star hotel was over
Jul 04, 2020, 07:16 PM IST
new Delhi. French multinational hospitality company Accor has ended its association with Ambuja-Neotia Group, the owner of Swisstel Hotel Asset in Kolkata from 1 July. According to Accor India, the management contract for this five-star hotel had expired. Therefore, the agreement has not been renewed.
Deal ends in Swiss Kolkata and Accor
An Accor spokesperson confirmed that after the termination of our management contract with Ambuja-Neotia, SwissTel Kolkata from July 1, 2020, we are no longer a partner in India. We are grateful to the hotel team for their decade-long partnership and their support.
What will happen to the hotel staff?
There is no clarity as to whether hotel employees will be reassigned elsewhere (whenever the market opens) or will be fired.
Company partners with 50 hotels in India
Accor has partnered with 51 hotels in 23 major destinations in India and South Asia. With this, it has about 9,600 rooms. It also has one in Sri Lanka.
Accor operates luxury Fairmont, Sofitel brands internationally. Premium brands are Pullman, Movenpick, Grand Mercury as well as Novotel and Mercure Midscale brands and other brands including Ibis and Ibis Styles.
Accor is present in all hotel segments in other countries including India. It has a presence in the budget hotels to mid-segment and prime segment. It has tie-ups with several leading hospitality companies in India including Interglobe.