\u00a0<\/p>\n
At the Network18 Reforms Reloaded event, G20 Sherpa and former NITI Aayog CEO Amitabh Kant reiterated the Centre\u2019s stand on exiting non-core businesses, emphasising that the government has \u201cno business running hotels.\u201d Citing Delhi\u2019s iconic Ashok Hotel, he called it a prime example for privatisation.<\/p>\n
The redevelopment of the five-star property is a key part of the INR 6-trillion National Monetisation Pipeline. The plan involves leasing the hotel\u2014spread over 11.42 acres with 550 rooms, including 160 suites\u2014to a private operator for 60\u201399 years under an operate-maintain-develop model.<\/p>\n
The successful bidder will be expected to refurbish the property to global standards, with potential development rights to adjoining land parcels. This move aims to upgrade one of India\u2019s most recognisable hospitality assets while reducing the Centre\u2019s direct role in running it.<\/p>\n
Currently, the government holds 87.03% in the India Tourism Development Corporation (ITDC), which owns the Ashok Hotel. IHCL (Tata Group) holds a 7.86% stake. The disinvestment will open doors to strategic private operators with deep hospitality experience.<\/p>\n
If completed, the Ashok Hotel deal will become one of the most high-profile privatisations in India\u2019s hospitality sector. It reflects the government\u2019s larger disinvestment and asset monetisation agenda, targeting non-core public sector enterprises to unlock value and improve efficiency.<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0 At the Network18 Reforms Reloaded event, G20 Sherpa and former NITI Aayog CEO Amitabh Kant reiterated the…\n","protected":false},"author":2,"featured_media":83717,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[22598,55610,79,179,18,3428,11785,19,17,55611,55612,55613],"class_list":{"0":"post-83716","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-amitabh-kant","9":"tag-ashok-hotel","10":"tag-business","11":"tag-economy","12":"tag-eire","13":"tag-government","14":"tag-hospitality","15":"tag-ie","16":"tag-ireland","17":"tag-itdc","18":"tag-monetisation","19":"tag-privatisation"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/83716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=83716"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/83716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/83717"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=83716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=83716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=83716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}