NRN’s Invest about 22 Billions in Hospitality Sector of Nepal

11th Oct, 2017 | Tourism Mail Crew

KATHMANDU, Oct 11: The hospitality sector of Nepal is luring the Non- Resident Nepali across the globe which has resulted in a gross investment of 22 Billion rupees in the particular sector in Himalayan Nation, Nepal.

Construction of new hotels have already been started not only in the capitalKathmandu but also in Pokhara, Lumbini, Chitwan, Bhairahawa, Nepalgunj, Dhangadi, Biratnagar, Dharan along with hill stations like Dhulikhel and Nagarkot. It is sure that 10 five star rated hotels will be added until 2020 A.D.

President of NRN club, Shesh Ghale has utilized the great investment to establish an international Chain, Sheraton Hotel in Kathmandu. NRN’s have invested in 4 five star rated hotels out of 18 new that are undergoing construction.

It is predicted that NRN has invested more than 20 billion rupees for hotels and dozens of resorts. Due to the positive effect brought by NRN policy, investment has highly increased for hotels as well.

More than half of the dozens of resorts that NRN has invested are running. Rupakot Resort of Pokhara and Dhulikhel Mountain Resort of candidate of the recent presidential election of NRN’s are under operation in Nepal.

According to the government statistics there are 5 lakhs 23 thousand 4 hundred 73 bed in star hotels of Nepal. After the construction of 5 star and 4 star hotels, minimum 3 thousand 2 hundred 62 rooms will be added.

More than half of the investment that was done later are centered in Kathmandu. Half of the dozens of 5 star and 4 star hotels are being constructed in different places of capital city such as Thamel, Nagpokhari, Lazimpat and Naksal.

These places have hotels that are operated by experienced entrepreneurs as well as fresher. According to entrepreneur Yogendra Shakya, the investment of NRN for hotels has encouraged other investors too.

Now different banks have also invested around 47 Billion NRP for constructing new hotels. Two international airports are going to be started till 2019 A.D. Shakya says, “It is good if NRN invest in other sectors as well.”

NRN president Shesh Ghale and his Australian MIT group holdings started constructing hotel Seraton in Kathmandu. Starwood group of Singapore planned to run this hotel from February 2018 and invested around 8 Arab to construct this hotel.

But unfortunately the work was stopped for a year and the objective was made to run the hotel till 2019.Similarly NRN hotel is being constructed in Thamel with the social investment of NRN.

With the investment of around 7 Billion NRP, the objective of investors is to run the hotel till 2020.For this hotel dozens of NRN including Shesh Ghale has invested.

Due to the management and investment of NRN, touristic hotel, Nathm is also about to run. This 4 star hotel is constructed under the supervision of NRN of japan, Chiranjibi Thapa.

Similarly, some NRN has invested in Chayadevi hotel of Kathmandu which is under the management of Starwood.

Though there is high investment of Prithvi Bahadur Pandey for hotels, NRN has also invested in it. With the investment of 5 Billion NRP, Chayacenter spending all these investment is in the final stage of construction.

Nepal Citizen Flight Authority (CAN) is constructing 5 star hotel in Tribhuwan international airport. The hotel is interested in being invested by NRN.

Upendra Mahato who was also the NRN founder president has prepared to invest in this hotel. The target is to invest 4 Billion NRP for this hotel.

3 years ago, NRN has invested 30 Billions NRP in the study conducted by Nepal Economic Journalist Society in 9 districts. In the remaining 66 districts and in the next year, it is estimated that NRN has invested more in Nepal.

Thousands of people has also been employed in a company operated by NRN invested.