Thursday, May 30, 2013

After Sheraton, Marriott enters Nepal

After Sheraton, another global hotel chain Marriott International is planning to enter Nepal.
Marriott International – a leading hotel chain based in Maryland, US – has signed a management agreement with Nepal Hospitality Group (NHG) – under MS Group, one of Nepal’s leading business conglomerates – to open a four-star property Fairfield Marriott Kathmandu at Thamel in Kathmandu.
Though, the global FMCG chain is also mulling to establish a five-star hotel at Naxal in Kathmandu,  Marriott is going to look after the management of Fairfield Marriott Kathmandu, said vice president of MS Group Shashi Kant Agrawal, after signing the agreement here today.  
The proposed 10-storey property under construction currently will have 108 rooms and spread over two-and-a-half ropanis of land, he said, adding that the hotel will start its operation from 2016.
“It is estimated to cost around Rs 650 million,” he added. “Fairfield Marriott Kathmandu will provide branded, quality and consistent hospitality excellence that the Fairfield Marriott offers worldwide.”
“We are delighted to have signed the new Fairfield hotel in Nepal with Nepal Hospitality Group,” Marriott International’s president and managing director, Asia, Simon Cooper, said, on the occasion. “We have redesigned and configured the brand specifically for the South Asian market,” he said, adding that the company is excited that it will be its first hotel in Nepal when it opens in 2016
With 700 Fairfield properties throughout North America, the Marriott International is current in expansion spree in Asia and South America.
based in Bethesda, Maryland, USA, Marriott International is a leading lodging company with more than 3,800 properties in 74 countries and territories.
It reported revenues of nearly $12 billion in the fiscal year 2012. The company operates and franchises hotels and licenses vacation ownership resorts under 18 brands.
Earlier, a Non-Resident Nepali from Australia Shesh Ghale has also signed an agreement with Sheraton to construct a Australian dollar 75-80 million five-star Sheraton Kathmandu Hotel at Kantipath in Kathmandu.
Ghale’s MIT Group Holding Nepal had signed the agreement with Starwood Hotels and Resort Worldwide Inc for the five star property with 225-room to be opened in February 2018.
Ghale (54) is on the 200 wealthiest Australians list with a fortune of $225 million.

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