Centre to monetise The Ashok Hotel; Samrat to be retained by ITDC

The government, through its consultant, will hold a roadshow on August 22 to seek views of market participants on the proposed models for monetisation of ITDC properties

The Centre will license out The Ashok Hotel through the operate-maintain-develop (OMD) mode for a period of 60 years, and monetise its spare land in New Delhi for commercial development and making luxurious service apartments through public-private partnership (PPP). 

Hotel Samrat — separated from The Ashok by a boundary wall in New Delhi— will be retained by India Tourism Development Corporation (ITDC).

ITDC is a public-sector undertaking that owns The Ashok and Hotel Samrat.

The government, through its consultant, will hold a roadshow on August 22 to seek views of market participants on the proposed models for monetisation of ITDC