Nepal opening 27 new five-star hotels as investors pour money despite Covid

Representational image: A hotel. Photo: Public Domain Images
Representational image: A hotel. Photo: Public Domain Images

Kathmandu, March 10

Wait for the next few months to years, and Nepal will have 27 new five-star hotels in operation.

The data at the Department of Tourism reveal as investors in Nepal’s hospitality industry did not let the Covid pandemic shatter their aspirations as they continued to pour money into new hotels.

Most of these five-star hotels will be based in Kathmandu followed by Rupandehi and Banke. The newly constructed Gautam Buddha International Airport in Bhairahawa has attracted investors to Rupandehi whereas Indian investors have been attracted to open new businesses in Banke as it is a gateway to Manasarovar.

Hotel Association of Nepal member Youb Raj Shrestha says Kathmandu still retains the investors’ attraction as it already has established tourism products to sell.

Here is the list of the under-construction five-star hotels as reported to the Department of Tourism:

SNHotelRooms/BedsEstimated investment
1City Hotel, Kathmandu156/312NA
2The Mastiff Hotel, Lalitpur302/475Rs 4.81 billion
3Siddhartha International Hotel, Rupandehi81/132NA
4The Centurian Hotel, Morang107/167Rs 1.48 billion
5Hotel Crown Imperial, Kathmandu131/180Rs 1 billion
6Sheraton Kathmandu Hotel, Kathmandu225/450Rs 12 billion
7Hotel Forest Inn, KathmanduNA/102NA
8The Rara Project, Mugu225/325Rs 500 million
9Asian International Regency, Rupandehi103/176Rs 2.4 billion
10Westar Hospital, Kathmandu122/244Rs 150 million
11The Zinc Kathmandu, Lalitpur114/196Rs 250 million
12The Metropolitan Hotel, Kathmandu98/190NA
13Hotel Hilton, Kathmandu130/350NA
14Civil Hotel, Kathmandu115/306Rs 1.25 billion
15Hotel Shahanshah International, Kathmandu101/180Rs 600 million
16Kathmandu Central Hotel, Kathmandu114/196NA
17Hotel Lhasa International, Kathmandu108/177NA
18CG Hotels and Resorts, Lalitpur180/300Rs 1.67 billion
19Sedi Luxury Hotel, Kaski150/250Rs 2.1 billion
20Hotel Moxy, Kathmandu94/200Rs 1.35 billion
21Hotel Blue Mountain, Kavre149/250NA
22Mars Hospitality, Rupandehi125/200NA
23Hotel Pawan Palace, Rupandehi141/231Rs 730 million
24Hotel Lalchan, Kathmandu122/200Rs 500 million
25Courtyard Hotel, BankeNANA
26Hotel Saffron CK, Rupandehi81/130Rs 1.5 billion
27The Siprabhya Hotel and Resort, Kathmandu88/160NA
Under-construction five-star hotels in Nepal as of March 2022

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Puri is a business correspondent at Onlinekhabar.

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