The Soaltee Crowne Plaza hotel has now become an entity completely owned by Nepali shareholders

The Soaltee Crowne Plaza hotel has now become an entity completely owned by Nepali shareholders

By Onlykhabar News Media Mon 28 September, 2020 ( about 5 years ago ) 🎤609 Viewersnational

Among other shareholders, the Hong Kong-based IHG had 10 per cent stake in Soaltee Hotel Ltd.

The Soaltee Crowne Plaza hotel has now become an entity completely owned by Nepali shareholders after Soaltee Enterprises Pvt Ltd bought all the shares being held by the international company, InterContinental Hotels Group. “Along with this purchase from IHG, Soaltee hotel is now totally owned by only Nepali investors,” said Sudarshan Chapagain, authorised representative of Soaltee Enterprises.

After the share transfer, Soaltee Enterprises now owns 50 per cent stake in Soaltee hotel. Oberoi Hotels Pvt Ltd holds eight per cent shares, Nepal Airlines Corporation holds 12 per cent shares while the remaining 30 per cent stake is held by the general public. “The shares of Soaltee hotel that were in the ownership of IHG were recently transferred to Soaltee Enterprises,” he added.

Soaltee Crowne Plaza was founded by late prince Himalaya Bir Bikram Shah Dev and late princess Rajya Laxmi Devi Shah in 1965. The hotel was formally inaugurated by late king Mahendra Bir Bikram Shah Dev in 1966 with 104 rooms and today Soaltee Crowne Plaza hosts 282 luxurious guest rooms and seven regal VVIP suites, spread over 12 acres.  In the same year, Oberoi Hotels (India) Pvt Ltd, with its investment in shares capital of the company was entrusted with operational management of the hotel and it was rebranded as ‘Hotel Soaltee Oberoi’. In 1969, Soaltee hotel was incorporated as a private limited company.  It was renamed Soaltee Holiday Inn Crowne Plaza Kathmandu in 1994 and was operated by Holiday Inns China Ltd, a fully owned subsidiary of InterContinental Hotels. In 1998, Soaltee Holiday Inn Crowne Plaza was rebranded as Soaltee Crowne Plaza Kathmandu.

 

Similar Posts

By Onlykhabar News Media Mon 28 September, 2020 🎤609 Viewersnational
TAGS: Soaltee Hotel Kathmandu Ownership
The Soaltee Crowne Plaza hotel has now become an entity completely owned by Nepali shareholders

Give Your Comments

Visitors on Site

Loading ..

Socialize

Latest News Highlight