The UK-based Six Continents Hotels has terminated its management agreement with the Gujarat-based New Light Hotels & Resorts.
The property, which was operated under the Holiday Inn Hotel and Convention Centre Vadodara, will cease to bear the name, Holiday Inn, effective from today.
Six Continents Hotels has exercised its contractual right to terminate the agreement, the company said in a press statement.
Excluding this property, the global hotel group currently operates 14 properties in India including 10 Holiday Inns, 1 Crowne Plaza and 3 Inter-Continentals and in addition, have 4 properties scheduled to open over the next few months.
Six Continents Hotels has said that it remains committed to India for development of its hotel brands and will continue to drive value for its existing hotels in the region.
Six Continents Hotels, the hotel business of Six Continents Inc owns, manages, leases or franchises more than 3,270 hotels in nearly 100 countries and territories around the world.
The hotel chain brands include Holiday Inn, Crowne Plaza, Express by Holiday Inn, inn Select, Holiday Inn Garden Court, Holiday Inn SunSpree Resort, Staybridge Suites by Holiday Inn, Holidex, Priority Club, Inter-Continental, Forum, Parkroyal And Centra.
