Two Ultra Luxury Hotels to Open in Nepal by 2031

Kathmandu. With the objective of establishing Nepal's tourism and hospitality sector as a world-class luxury destination, two new ultra-luxury hotels are to be constructed in Nepal. 

A Memorandum of Understanding (MoU) has been signed to operate 'The Ritz-Carlton' and 'The Westin' in Kathmandu by the world-renowned hospitality company Marriott International Inc. and CG Hospitality Global, under the multinational business conglomerate Chaudhary Group (CG) of Nepal. 

Both these premium and luxury brand hotels are targeted to be operational by 2031. With this agreement, approximately 300 new 'keys' will be added to Marriott's portfolio in Nepal, and Marriott's world-famous luxury brands will make their formal entry into Nepal's capital. 

Who is investing and partnering?

Chaudhary Group (CG) has the main partnership in these two hotels, which are being built targeting high-end and affluent tourists of Nepal. In addition, other leading business conglomerates of Nepal, IEG Group, IJ Group, and Sharma & Company, will also have significant partnerships in these historic projects. 

The MoU signing ceremony was attended by Marriott International Inc. Board Chairman David Marriott, Chaudhary Group and CG Hospitality Global Chairman Vinod Chaudhary, and CG Corp Global and CG Hospitality Global Managing Director and CEO Rahul Chaudhary. 

Similarly, Marriott International's Asia Pacific (excluding China) President Rajiv Menon, South Asia Senior Vice President Kiran Andicot, as well as Chairmen and Directors of IEG Group, IJ Group, and Sharma & Company, were also present. 

Expectation of Contribution to Economy and Tourism

Speaking at the agreement program, Marriott International's Asia Pacific President Rajiv Menon expressed happiness in collaborating with Chaudhary Group to expand world-class hospitality experiences in the highly potential Nepali market. 

'These historic projects reflect the excellence and high standards of Marriott International's luxury and premium brands,' Menon said, 'This will significantly contribute to tourism promotion, local employment generation, and regional economic development.' 

Similarly, CG Hospitality Global's Chief Executive Officer Rahul Chaudhary stated that this agreement is a new chapter in Chaudhary Group's journey to take the hospitality sector of Nepal and South Asia to new heights. 

He said, 'We will build symbolic destinations that reflect local culture, create employment, and provide excellent experiences to tourists and the community. CG Hospitality is committed to taking Nepal's tourism industry to another level by developing world-class properties in Nepal.' 

What will 'The Ritz-Carlton, Kathmandu' be like?

'The Ritz-Carlton', making its first entry into Nepal, will expand its services in Thamel, a major tourist area of Kathmandu. This hotel, known worldwide for its attractive aesthetics and premium services, will have a total of 150 rooms, including 30 spacious suites. 

Five different restaurants and bars, an outdoor swimming pool, a fitness center, and the renowned 'The Ritz-Carlton Spa' will be available for guests. A state-of-the-art hall spread over more than 1100 square meters will be constructed for business and social events. 

What will 'The Westin Kathmandu' be like?

This hotel of the 'Westin' brand, which prioritizes the health and balanced lifestyle of tourists, will also have 150 premium rooms and suites. This hotel will be located approximately 7 kilometers from Tribhuvan International Airport. 

The hotel will feature three dining venues, WestinWORKOUT Fitness Studio, Heavenly Spa by Westin, and a rooftop swimming pool. More than 700 square meters of meeting and banquet facilities with natural light and smart technology will be another attraction of this hotel. 

Marriott and CG's Growing Global Partnership

This agreement is the latest in the expanding global collaboration between Marriott International and CG Hospitality. In less than two years, more than 75 hotels under 'Serries by Marriott' have been agreed upon between these two companies in India alone, of which 50 hotels are already operational in 43 cities. 

CG has launched 'The Farm at San Benito, Autograph Collection' in the Philippines. The construction of the first 'JW Marriott Branded Residence' in Central Dubai and 'JW Marriott Hotel' in Siliguri, India, is also progressing under this partnership. 

What are Marriott and CG Companies like?

Marriott International, headquartered in Maryland, USA, is the world's leading hospitality company. Currently, it has more than 9,900 hotels operating in 146 countries. The company also operates the world-famous travel platform 'Marriott Bonvoy'. 

On the other hand, CG Hospitality, the hospitality arm of Chaudhary Group, Nepal's largest multinational company, has a presence in 130 destinations across 12 countries worldwide. Under this, more than 220 hotels and resorts and over 13,835 rooms are in operation. 

CG has been partnering with brands like Taj, Jetwing, Hilton, and Fairmont, and aims to reach 600 hotels and 30,000 'keys' by 2030.