NEPAL > Marriott International to open four-star hotel in Nepal

MarriottInternational.svg 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 More …

IRELAND > Singapore based Ascott expands to Ireland with acquisition of Temple Bar Hotel for $57.69 Million

ascott_limited_logo Singapore based CapitaLand’s wholly owned The Ascott Limited (Ascott) expands to Ireland with acquisition of Temple Bar Hotel in Dublin for €55.1mn ($57.69Mn). With this acquisition Ascott has more than 45 properties across 19 cities in Europe including Belgium, France, Georgia, Germany, Ireland, Spain and the United Kingdom expanding its portfolio of €1.2 billion ($1.26 billion) properties. This year alone More …

INDIA > Abu Dhabi’s Lulu Group to Invest US$ 150 Million in India

lulu-group-logo Abu Dhabi based LuLu Group International plans to invest US$ 150 Million in the hospitality sector in India over the next five years. The company’s strategy for India is to invest in properties that consists of 100 to 150 rooms and valued at around US$ 15 Million per property. Lulu Group is a US$ 5.4 Billion conglomerate that has interests in More …

NEPAL > Cable Car as an Urban Form of Transportation in Kathmandu ?

cablecar My Republica published the article titled  “Baudha to Tahachal in 30 minutes by cable car!” outlining a feasibility study done to address the need for a supplemental form of public transportation in Kathmandu. It further writes: “One can go from Baudha to Tahachal in 30 minutes by cable car and at a reasonable fare, according to a feasibility study. The More …

NEPAL > New sectors open for FDI in Nepal

Cement Factory KATHMANDU, MAR 05 – Motions pictures, personal businesses such as hair salons, beauty parlours, tailoring, driver training providers, internal courier services and domestic food processing have been opened to foreign investment in the new Industrial Policy. The policy endorsed by the Cabinet last week has also opened catering services and rural tourism, except for certain tourism businesses, to foreign investment. More …

NEPAL > Silver Heritage continues expansion effort in Nepal

Tiger Palace Silver Heritage – a leading game operator in East Asia, is aggressively pushing in Nepal with a phased investment plan of more than $100 million in developing a chain of five-star resort facilities across Nepal. Below is what Silver Heritage has in its website and the article that appeared in Kantipur Daily. Tiger Palace – A Chain Of 5 Star More …

NEPAL > Heavy Pouring of Cash in Tourism Infrastructure in Nepal

tourism nepal The following news excerpt came out on November 12 in Kantipur under the headline “Have Cash will Dash”. I have further categorized this into different sectors within Tourism industry. NOV 12 – Nepal will be injecting more than Rs 150 billion into the development of tourism and airport infrastructure in the next five years reaffirming the belief that tourism will More …