KATHMANDU: Soaltee Crowne Plaza celebrated its golden jubilee today. It was founded by late prince Himalaya Bir Bikram Shah Dev and late princess Princep Rajya Laxmi Devi Shah in 1965.
The hotel was formally inaugurated by late king Mahendra Bir Bikram Shah Dev in 1966 with 104 rooms. In 1969, Soaltee Hotel was incorporated as a private limited company. In the same year, Oberoi Hotels (India) Pvt Ltd, with its investment in shares capital of the company was entrusted with operational management of the hotel and it was rebranded as ‘Hotel Soaltee Oberoi’.
In 1975, the company a proprietorship before was converted to a public limited company with an investment in the shares capital of the company by Nepal Industrial Development Corporation, International Finance Corporation, Oberoi Hotels (India) Pvt Ltd, Nepal Airlines Corporation, promoters and public. It was renamed as Soaltee Holiday Inn Crowne Plaza Kathmandu in 1994 and was operated by Holiday Inns China Ltd, a fully owned subsidiary of InterContinental Hotels. In 1998, Soaltee Holiday Inn Crowne Plaza was rebranded as Soaltee Crowne Plaza Kathmandu. HT