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InterGlobe appoints Cycas to manage its European hotel portfolio

K+K Hotel Picasso El Born, Barcelona, Spain.

Cycas’s portfolio expands to 12 countries, including its first properties in Spain, Austria, the Czech Republic, Hungary and Romania.

Cycas Hospitality will partner with InterGlobe in the management and transformation of 11 boutique hotels and 1,472 rooms across 8 countries and 9 cities.

Cycas’s portfolio expands to 12 countries, including its first properties in Spain, Austria, the Czech Republic, Hungary 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.

On 1st July Cycas 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 finest cities – Paris, Barcelona, London, Vienna, Prague, Munich, Budapest and Bucharest. The partnership also includes management of the Hotel Reichshof in Hamburg, a luxury 278-room hotel whose Art Deco style and upmarket facilities reflect the listed building’s landmark location.

InterGlobe Enterprises is one of India’s largest and most innovative companies, with successful businesses across Aviation, Hospitality and Travel-related 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 & Culture, Finance, Commercial and Property Management. 

Neena Gupta, Executive Director – Group Strategy and International Hospitality for InterGlobe Enterprises, said: “We are delighted to be partnering with Cycas Hospitality. Cycas has exceptional leadership, and a highly professional, multinational and diverse team, with deep market knowledge and experience. We are confident that the combined passion and creativity of our teams will deliver a unique quality of operational and service excellence in Europe.”

Matt Luscombe, Chief Executive Officer at 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, the Czech Republic, Hungary and Romania. Neena is a visionary leader with an ambitious and transformational plan for InterGlobe’s portfolio. I am very confident that, together, we will set a new bar in the European boutique hotels sector.”

Vicky Karantzavelou
Co-Founder & Chief Editor - TravelDailyNews Media Network | Website

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.

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