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

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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:

SN
Hotel
Rooms/Beds
Estimated investment

1
City Hotel, Kathmandu
156/312
NA

2
The Mastiff Hotel, Lalitpur
302/475
Rs 4.81 billion

3
Siddhartha International Hotel, Rupandehi
81/132
NA

4
The Centurian Hotel, Morang
107/167
Rs 1.48 billion

5
Hotel Crown Imperial, Kathmandu
131/180
Rs 1 billion

6
Sheraton Kathmandu Hotel, Kathmandu
225/450
Rs 12 billion

7
Hotel Forest Inn, Kathmandu
NA/102
NA

8
The Rara Project, Mugu
225/325
Rs 500 million

9
Asian International Regency, Rupandehi
103/176
Rs 2.4 billion

10
Westar Hospital, Kathmandu
122/244
Rs 150 million

11
The Zinc Kathmandu, Lalitpur
114/196
Rs 250 million

12
The Metropolitan Hotel, Kathmandu
98/190
NA

13
Hotel Hilton, Kathmandu
130/350
NA

14
Civil Hotel, Kathmandu
115/306
Rs 1.25 billion

15
Hotel Shahanshah International, Kathmandu
101/180
Rs 600 million

16
Kathmandu Central Hotel, Kathmandu
114/196
NA

17
Hotel Lhasa International, Kathmandu
108/177
NA

18
CG Hotels and Resorts, Lalitpur
180/300
Rs 1.67 billion

19
Sedi Luxury Hotel, Kaski
150/250
Rs 2.1 billion

20
Hotel Moxy, Kathmandu
94/200
Rs 1.35 billion

21
Hotel Blue Mountain, Kavre
149/250
NA

22
Mars Hospitality, Rupandehi
125/200
NA

23
Hotel Pawan Palace, Rupandehi
141/231
Rs 730 million

24
Hotel Lalchan, Kathmandu
122/200
Rs 500 million

25
Courtyard Hotel, Banke
NA
NA

26
Hotel Saffron CK, Rupandehi
81/130
Rs 1.5 billion

27
The Siprabhya Hotel and Resort, Kathmandu
88/160
NA

Under-construction five-star hotels in Nepal as of March 2022