The iconic Annapurna Hotel on Durbar Marg, which closed its doors in December 2020 due to a severe revenue loss after the coronavirus snuffed out the tourism industry, has revealed plans for a relaunch—in a new avatar. Annapurna Square Pvt Ltd, on Thursday, entered into a management contract with ITC Hotels, a prominent name in luxury hospitality in India, to redevelop and operate a new 5-star hotel at the current site of Hotel Annapurna. According to the company, the proposed Rs8 billion project will be Nepal’s largest hotel, featuring 363 rooms, including 30 service apartments.
It will have two towers—24 and 15 stories tall. The hotel will have four conference spaces, a shopping arcade, and an entertainment zone. “We have planned to launch the hotel on April 13, 2028, the Nepali New Year,” said Min Bahadur Gurung, managing director of Bhat-Bhateni Supermarket and chairman of Annapurna Square Pvt Ltd.
Annapurna Square Pvt Ltd will hold an 85 percent share in the project, with Hotel Del’ Annapurna Pvt Ltd holding the remaining share. The project will generate employment for 1,500 people. “We are delighted to collaborate with Annapurna Square Pvt Ltd in the redevelopment of Hotel Annapurna.
Our theme, The Annapurna: Reviving from a Hotel to an Iconic Destination,’ reflects our commitment to blending heritage, luxury, and modern innovation,” said Shreejana Rana, executive director of Hotel Del’ Annapurna Pvt Ltd. “Indeed, our plan to construct the largest .