The Ashok Hotel

The Ashok Hotel divestment: 1956-built hotel to undergo a structural audit

Ashok's divestment has drawn interest from all the big hospitality players, including Taj Hotels, Hilton, DLF, JLL, Brookfield-backed HLV Ltd and Wyndham Hotels

Govt fixes indicative value for The Ashok hotel under NMP at Rs 7,409 crore

The government has fixed an indicative value for Delhi's iconic 'The Ashok' hotel at Rs 7,409 crore under the national monetisation programme, according to sources. The Ashok and the adjacent hotel Samrat are among the eight India Tourism Development Corp assets listed under the National Monetisation Pipeline (NMP) announced by Finance Minister Nirmala Sitharaman last year. The sources said investor consultation has already been undertaken and a cabinet note for the sale of the sprawling 25-acre property in the heart of the national capital is under consideration. "The Ashok hotel's monetisation will take place through public-private partnership(PPP) mode and an indicative value of the hotel has been fixed at Rs 7,409 crore," the sources told PTI. In August 2021, Sitharaman announced the Rs 6 lakh crore NMP over four years to unlock value in infrastructure assets across sectors. Niti Aayog in consultation with infrastructure line ministries had prepared the report on the NMP. The

Nehru to 'Gandhi': The history of the iconic Ashok Hotel in New Delhi

A brainchild of then Prime Minister Jawaharlal Nehru, The Ashoka, as it was then called, was among the most iconic hotels in the country

Top Headlines: India on digital services tax, RBI moots UPI payments charge

India and other developing countries under the G24 grouping have objected to the proposal of making sovereign commitments to not introduce any future digital services tax like equalisation levy

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 Ashok' to soon house service apartments, a mall: Official

The govt is planning to lease out 'The Ashok' to investors for turning the sprawling 25-acre property in the heart of the national capital into a 'multi-purpose' building, an official said.

Govt speeds up divestment plans on upbeat sentiment after tax cut

Sources also said the prevailing market sentiment, if it holds, would be conducive to the Centre's strategic sale and asset monetisation

Govt looks to find a prospective operator for The Ashok Hotel by Dec-end

Centre working on open-ended lease agreement to enable sale of property at the end of the agreement period