KATHMANDU, NEPAL
A shopping complex, Chhaya Center, including a five-star hotel will be constructed in the tourist hub of Thamel with investment of Rs 3 billion by seven entrepreneurs. Construction of the Chhaya Center has been started with an aim of completing it within three years and it will include five-star hotel The Thamel Palace, shops, restaurants, cinema halls, food courts, banquet and other facilities.
“We are building the most modern hotel and a tourism complex with a concept of Thamel within Thamel,” Suman Pandey, one of the promoters of the center that is being constructed in 15 ropanis of land, said. “It will add a new dimension to the country’s tourism sector apart from being the feather on Thamel’s cap,” he claimed. Share investor Nirmal Pradhan, realtor Kalu Gurung, tourism entrepreneur Yogendra Shakya, Suman Pandey and Maheshwore Shrestha, and automobile and housing entrepreneur Suhrid Ghimire led by Chairman of Nepal Investment Bank Prithvi Bahadur Pandey have invested in the center. Suman Pandey and Shrestha will oversee its construction and management. Half a dozen banks led by Everest Bank have mobilized loans for the center that will be built in the area adjoining Bhagwanbahal.
Suman Pandey said there is every chance that the center will be completed before the scheduled three years. He said the main building of the center will be 15-story and include a two-story underground parking area that will accommodate around 450 vehicles at a time. There will be shops in the first floor, corporate offices of different groups and banks in the third floor, food court and multiplex in the fourth and fifth floor. He revealed that an understanding has already been reached with multi-national Sheraton Four Points for the five-star hotel that will be built in the top 10 floors. The hotel will have 200 rooms, and preparations are on to also include a casino and a discotheque.
There will be 250 shops, seven restaurants, three theaters, five conference halls, and a banquet hall that will seat 1,000 persons. He claimed that the center will give priority to established brands for shops and a branch of Nanglo has already been confirmed. He said the center that will open round the clock will have facilities targeting both the tourists and Nepali customers. “We will take special precautions to ensure that tourists are not cheated in the center,” he stated. “We will survey the market outside and will have only the shops of Asian standard,” he added. ConTech Pvt Ltd is building the center that has been designed by Nepali engineers on the basis of Nepali style of architecture.
Attraction of Thamel
Entrepreneurs wish to open big hotels in Thamel that does not have big and modern hotels despite being the main tourist center of Nepal. Australian millionaire of Nepali origin Shesh Ghale is also constructing five-star Hotel Kathmandu with an investment of Rs 2.50 billion. The hotel, to be constructed in Keshar Mahal, will be part of the chain of Sheraton Hotels. Domestic entrepreneur Shashikant Agrawal is also constructing three-star Marriott Kathmandu in Thamel at an estimated cost of Rs 800 million. It is expected to be completed within 22 months.
Entrepreneurs claim that tourism has developed in Thamel as Nepali tourism has traditionally been palace-centric. “Narayanhiti Palace is the epicenter of Nepali tourism. Tourism activities are centered in all four directions of the palace and more in Thamel that lies in the west,” tourism entrepreneur Shakya said. He added that since the new hotels are being constructed in Keshar Mahal area, it is being developed as New Thamel. He said this shows that investors now want to focus on New Thamel coming out of the narrow Thamel.
“The wish of many entrepreneurs that standard hotels should be constructed in Thamel as most of the tourists coming here have to travel far for accommodation will now be fulfilled,” Chairman of Asian Trekking and former president of Nepal Mountaineering Association Ang Tshering Sherpa said. “Thamel can provide full package to tourists after completion of these new hotels.”
Source:Karobar Daily, 17th June 2013
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A shopping complex, Chhaya Center, including a five-star hotel will be constructed in the tourist hub of Thamel with investment of Rs 3 billion by seven entrepreneurs. Construction of the Chhaya Center has been started with an aim of completing it within three years and it will include five-star hotel The Thamel Palace, shops, restaurants, cinema halls, food courts, banquet and other facilities.
“We are building the most modern hotel and a tourism complex with a concept of Thamel within Thamel,” Suman Pandey, one of the promoters of the center that is being constructed in 15 ropanis of land, said. “It will add a new dimension to the country’s tourism sector apart from being the feather on Thamel’s cap,” he claimed. Share investor Nirmal Pradhan, realtor Kalu Gurung, tourism entrepreneur Yogendra Shakya, Suman Pandey and Maheshwore Shrestha, and automobile and housing entrepreneur Suhrid Ghimire led by Chairman of Nepal Investment Bank Prithvi Bahadur Pandey have invested in the center. Suman Pandey and Shrestha will oversee its construction and management. Half a dozen banks led by Everest Bank have mobilized loans for the center that will be built in the area adjoining Bhagwanbahal.
Suman Pandey said there is every chance that the center will be completed before the scheduled three years. He said the main building of the center will be 15-story and include a two-story underground parking area that will accommodate around 450 vehicles at a time. There will be shops in the first floor, corporate offices of different groups and banks in the third floor, food court and multiplex in the fourth and fifth floor. He revealed that an understanding has already been reached with multi-national Sheraton Four Points for the five-star hotel that will be built in the top 10 floors. The hotel will have 200 rooms, and preparations are on to also include a casino and a discotheque.
There will be 250 shops, seven restaurants, three theaters, five conference halls, and a banquet hall that will seat 1,000 persons. He claimed that the center will give priority to established brands for shops and a branch of Nanglo has already been confirmed. He said the center that will open round the clock will have facilities targeting both the tourists and Nepali customers. “We will take special precautions to ensure that tourists are not cheated in the center,” he stated. “We will survey the market outside and will have only the shops of Asian standard,” he added. ConTech Pvt Ltd is building the center that has been designed by Nepali engineers on the basis of Nepali style of architecture.
Attraction of Thamel
Entrepreneurs wish to open big hotels in Thamel that does not have big and modern hotels despite being the main tourist center of Nepal. Australian millionaire of Nepali origin Shesh Ghale is also constructing five-star Hotel Kathmandu with an investment of Rs 2.50 billion. The hotel, to be constructed in Keshar Mahal, will be part of the chain of Sheraton Hotels. Domestic entrepreneur Shashikant Agrawal is also constructing three-star Marriott Kathmandu in Thamel at an estimated cost of Rs 800 million. It is expected to be completed within 22 months.
Entrepreneurs claim that tourism has developed in Thamel as Nepali tourism has traditionally been palace-centric. “Narayanhiti Palace is the epicenter of Nepali tourism. Tourism activities are centered in all four directions of the palace and more in Thamel that lies in the west,” tourism entrepreneur Shakya said. He added that since the new hotels are being constructed in Keshar Mahal area, it is being developed as New Thamel. He said this shows that investors now want to focus on New Thamel coming out of the narrow Thamel.
“The wish of many entrepreneurs that standard hotels should be constructed in Thamel as most of the tourists coming here have to travel far for accommodation will now be fulfilled,” Chairman of Asian Trekking and former president of Nepal Mountaineering Association Ang Tshering Sherpa said. “Thamel can provide full package to tourists after completion of these new hotels.”
Source:Karobar Daily, 17th June 2013
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Marriot Internatiional to start operations in Nepal
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