USA based hospitality company Marriott International and MS Group to open four-star hotel in Kathmandu, Nepal with an investment of around $5.9Mn.
MS Group has signed an agreement with a Marriott International to open, Fairfield by Marriott Kathmandu. The Thamel, Kathmandu based hotel will be 10-storey hotel with 108 rooms. Marriott will help MS Group with the management of the Fairfield by Marriott Kathmandu.
About MS GroupMS Group is a conglomerate company in Nepal. MS Group was founded by Late Mr. Maliram Agarwal in 1970. It operates in the sectors of manufacturing (textile, spinning mill, soap production, plastics goods, carbide industry, steel industry, sugar production and confectionaries production), housing and hospitality.
About Marriott International
Marriott International is an American multinational diversified hospitality company that manages and franchises a broad portfolio of hotels and related lodging facilities.
Marriott International is headquartered in Bethesda, Maryland, USA. Currently it has more than 5700 properties in over 110 countries and territories around the world and over 1.2 million rooms (Sept. 23, 2016).
Marriott was founded by John Willard Marriott in 1927 while Marriott International was formed in 1993 when Marriott Corporation split into two companies, Marriott International and Host Marriott Corporation.