Third time lucky! Kempinski Hotels appears to be betting as it prepares to re-enter the Indian hospitality market.
This time around, however, Europe’s oldest luxury hotel group has taken the management contract route as opposed to the marketing alliance approach it had taken twice earlier with Capt C P Krishnan Nair’s The Leela Group.
After parting ways with Leela in February this year, Kempinski has joined hands with Delhi-based Ambience Group.
A real estate development company focused on premium developments primarily in the National Capital Region, Ambience will own the hotel asset while Kempinski will manage its day-to-day operations.
Branded Kempinski Ambience Hotel Delhi, the property in east Delhi, with 480 guestrooms and suites and the largest banqueting facility (it can take 6,000 guests), will be launched sometime between October and December this year.
A Kempinski spokesperson confirmed the development saying Vella