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Atmosphere appoints Cyrus Madan as senior vice president for business development
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Thursday, 16 December, 2021, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Atmosphere Hotels & Resorts, a dynamic and fast-growing hospitality company, has appointed Cyrus Madan as senior vice president – business development India, Sri Lanka, Bhutan and Nepal. The newly created role ensures dedicated leadership and focus on the Indian Subcontinent, as the company gears up for the next chapter of international growth.
With more than 25 years of hospitality experience, Madan brings a wealth of domain expertise in working with brands, acquisitions, hotel pre-openings and operationalising hotels. He will be based in India and report to Souvagya Mohapatra, the company’s managing director for India, Sri Lanka, Nepal and Bhutan.
Madan comes to the company from Lemon Tree Hotels where he served as senior vice-president for business development and COO – Carnation Hotels.
Salil Panigrahi, managing director and co-founder of Atmosphere Hotels & Resorts, said, “We are delighted to welcome Cyrus, particularly as we prepare to announce exciting new projects. He will strengthen our team in the Indian Subcontinent, assisting in increasing our global footprint, and taking our signature Joy of Giving hospitality to new destinations. I’m confident his keen eye for business development – honed over years of experience – will be a tremendous asset for us.”
Madan spent 18 years with Lemon Tree Hotels. He played a key role in growing the company's Asset Light Model. As chief operating officer of Carnation Hotels (Lemon Tree’s managed hotels portfolio), he took the brand international – negotiating and signing management contracts in Dubai, Nepal and Bhutan.
Over the last 9 years, Madan has individually sourced and contracted 60 plus hotel projects. He's well versed in management contract negotiations, owner relationship management, asset management and managed hotel operations. In addition to experience in the management contract business, Madan has a proven track record of successfully handling acquisitions. During his tenure at Lemon Tree, he also pre-opened multiple hotel projects (20 plus) pan India and one in Dubai.
Madan started his professional journey with the Taj Group of Hotels as a management trainee in 1995. He holds a Bachelor of Hotel Management degree from Mangalore University (Welcomgroup Graduate School of Hotel Administration).
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