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NE Group Enters Hotel Business

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NE Group Enters Hotel Business
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September 2: With the joint investment of Soaltee Hotel and Chaudhary Group, NE Group has started constructions of three different four star plus level hotels. NE Group which was in the business of trading and production from generations has entered as major investor in service sector.

With the partnership with Soaltee Hotel, the Group is constructing four star level hotels at Nepalgunj and Pokhara. “Construction of business hotel in Nepalgunj has been already started at the investment of Rs 300 million,” informed Rabi Bhakta Shrestha, Managing Director of NE Group. Spread at 35 ‘katthas’ of land, the hotel will have 81 rooms. According to him, the hotel will come into operation from next year.


As per the source, the construction process of hotels is moving in fast track. NE Group will be operating resort in Pokhara. “For the construction of resort, the architecture related work is being done,” said Shrestha. 


An investment of Rs 800 million has been predicated for the construction of hotel except land. The hotel will have 81 rooms. “Spread at 22 ‘ropaNEs’ of land, the hotel will have five star hotel alike facilities,” mentioned Shrestha. Both hotels will have swimming pole, banquet, mini casino, shopping center, gym hall and restaurant.


NE Group with the joint investment with Chaudhary Group is preparing to operate next business hotel from upcoming year in Jhamsikhel, Laltipur. Spread at four ‘ropanis’ of land, the hotel will be operating at an investment of Rs one billion. The structure of hotel has already been prepared. The hotel will also have same facility as of five star.


Similarly, NE Group with the joint investment of three is also expanding Summit Hotel. Shrestha said that the investment in hotel sector has been made considering the domestically and internationally growing tourism market in the recent time. Moreover, the Group is planning to expand the hotel business in potential tourism destinations including Lumbini and Chitwan.   

 

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