InterGlobe appoints Cycas to manage its European hotel portfolio
- Cycas Hospitality will partner with InterGlobe for the management and transformation of 11 boutique hotels and 1,472 rooms in 8 countries and 9 cities.
- Cycas’ portfolio spans 12 countries, including its first properties in Spain, Austria, the Czech RepublicHungary and Romania.
- Cycas is Europe’s leading and fastest growing independent hotel management company with a pan-European portfolio of over 40 branded and independent hotels.
July 1 Cycas has partnered with InterGlobe to manage its portfolio of European hotels, including ten properties in the K+K Hotel portfolio, located in eight of Europe’s most beautiful cities – Paris, Barcelona, London, Vienna, Prague, Munich, Budapest and Bucharest. The partnership also includes management of the Hotel Reichshof in Hamburg, a 278-room luxury hotel whose Art Deco style and upscale amenities reflect the listed building’s iconic location.
InterGlobe Enterprises is one of India’s largest and most innovative companies, with successful businesses in the aviation, hospitality and travel sectors. InterGlobe’s portfolio of hotel assets is spread across India, Europe and Australia.
Cycas is expanding its team to support the InterGlobe portfolio, with new leaders in operations, people and culture, finance, commerce and property management.
Neena Gupta, Executive Director – Group Strategy and International Hospitality for InterGlobe Enterprises, said:“We are delighted to partner with Cycas Hospitality. Cycas has exceptional leadership and a highly professional, multinational and diverse team with deep market knowledge and experience. We are convinced that the combined passion and creativity of our teams will enable us to offer a unique quality of operational excellence and service in Europe.
Matt Luscombe, Managing Director of Cycas Hospitality, said:“Everyone at Cycas Hospitality is incredibly proud and excited to begin this partnership. With the addition of the InterGlobe portfolio, Cycas now expands to 12 countries, including our first hotels in Spain, Austria, Czech Republic, Hungary and Romania. Neena is a visionary leader with an ambitious and transformational plan for the InterGlobe portfolio. I am very confident that together we will set a new bar in the European boutique hotel industry.
About InterGlobe Enterprises
InterGlobe Enterprises is a large Indian conglomerate holding management positions in aviation, hospitality and travel related services. InterGlobe, through its various activities, employs more than 27,000 professionals in more than 28 countries and more than 115 cities around the world. Since 1989, the group has been building businesses and representing global brands that deliver quality and value. He has bridged the gap between people and markets through service innovation and leadership. InterGlobe’s business ventures include civil aviation (IndiGo), hospitality, airline management, travel commerce, advanced pilot training, aircraft maintenance engineering and logistics. For more information visit www.interglobe.com.