IHG has announced the signing of a management agreement with DMR APA Joint Venture to develop Holiday Inn Express and Suites Kathmandu Rabi Bhawan in Nepal.
With eight of the ten highest mountains in the world, Nepal is a hotspot destination for mountaineers, rock climbers and adventure seekers. Additionally, the Hindu and Buddhist heritage of the country and its pleasant weather are strong attractions for tourists to visit Nepal.
The brownfield hotel consisting of 100 guest rooms and suites is expected to open by the first quarter of 2021.
Holiday Inn Express and Suites Kathmandu Rabi Bhawan will be strategically located in Rabi Bhawan Kathmandu, near Soaltee Mode or Tahachal, and proximity to ring road. The hotel will also benefit from proximity to Tribhuvan International Airport, and a 30-minute drive to central business district and shopping area at Darbar Marg.
Additionally, several embassies, private businesses and tourist attractions of Thamel will be easily accessible to the guest staying at the hotel. Therefore, Holiday Inn Express and Suites Kathmandu Rabi Bhawan will cater to both leisure and business travellers.
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Commenting on the new development, Sudeep Jain, Managing Director, South West Asia, IHG Hotels & Resorts, said:
We are thrilled to further expand our footprint in Nepal with the signing of our new hotel in Kathmandu. Nepal is a hotspot tourism destination in the region with growing popularity amongst travellers with different needs . With the airport being refurbished as well as rapid development of branded hotels, Kathmandu is expected to become a global tourism destination and the tourism sector in the country will consequently witness a healthy growth in the coming years. We, therefore, see a significant growth opportunity in the country. The new signing is also in line with our strategy to grow our ‘essentials collection’ across key markets in SWA. India is the single biggest source market for Kathmandu, where IHG has a strong and growing presence. Additionally, the fastest growing source market for country is China, where IHG is the largest international player. Across both markets, the Holiday Inn Express brand has a good presence and recall which will benefit our growing brand portfolio in Nepal.
Chiranjibi Thapa, Chairman, DMR APA Joint Venture, said:
We are excited to partner with an internationally known and trusted hospitality brand like IHG for our very first hospitality venture. Moreover, Holiday Inn Express is a well-established brand, globally and has a strong base of loyal customer across markets. The brand is also a great fit for a city like Katmandu with a number of travelers looking for simple and smart stays. With an excellent location, IHG’s impressive experience and expertise in the region, we are confident that Holiday Inn Express and Suites Kathmandu Rabi Bhawan will emerge as a hotel of choice for travellers visiting Nepal.
With the signing of Holiday Inn Express and Suites Kathmandu Rabi Bhawan, IHG will have 6 hotels in the pipeline in the country, across its mainstream brands – Holiday Inn and Holiday Inn Express.
Meanwhile, IHG recently announced the signing of the first-voco hotel in South Korea, Regent Kyoto, Atwell Suites Austin Airport, Holiday Inn & Suites Ballarat, four Indigo-branded hotels in Egypt, Holiday Inn Resort Szklarska Poreba, dual branded voco and Holiday Inn hotel in Chicago, voco The Palm in Dubai, Holiday Inn Halong Bay, Vietnam, Intercontinental Riyadh King Fahed Road, Intercontinental Resort Amma, Canj – Montenegro, three hotels in Bangkok and Pattaya and Holiday Inn Express and Suites Jalandhar. IHG’s voco-brand has also opened its first hotel in Netherlands. The company has opened its first Intercontinental-branded hotel in Baku, Azerbaijan, Kimpton St. Honoré Paris, Staybridge Suites Dubai Internet City, Holiday Inn Goa Candolim, voco St. Augustine – Historic Area, Australia’s first next-generation Holiday Inn in Melbourne’s West and Holiday Inn Dublin Airport. The hospitality group has launched a new Luxury and Lifestyle brand called ‘Vignette Collection’.
Featured image by IHG
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