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Rs 8b high-rise hotel coming up in Kathmandu



http://www.nepalmountainnews.com/cms/2014/10/12/rs-8b-high-rise-hotel-coming-up-in-kathmandu/

KATHMANDU, Nepal–The Capital Kathmandu will soon have a new lavish five-star hotel, the Sheraton Kathmandu Hotel at the cost of Rs 8 billion, thanks to the MIT Group Holdings Nepal, a member of the Ghale group of companies which has miscellaneous operations in Australia and other countries. The ground-breaking ceremony 17-storey luxury property, located in the heart of the city was organized in the Capital Kathmandu.
Prime Minister Sushil Koirala laid the foundation stone during a ground-breaking ceremony of 17-storey luxury property, located in the heart of the city, Saturday.
The Sheraton Kathmandu Hotel will be located on Kantipath adjoining to the office of Keshar Library, opposite the west gate of the Narayanhiti Palace Museum. The hotel, due to open in February 2018, will be spread over 14 ropanis of land.
US-based Starwood Hotels and Resort Worldwide Inc, one of the world’s largest hotel companies that owns, operates, franchises and manages hotels and resorts, will manage the hotel under its Sheraton brand.
The new hotel will offer 218 roomses and guest rooms, a health club, spa and retail outlets and provide 450 new jobs.
The hotel will also feature a 1,000-seat conference hall which will be the biggest hall in Kathmandu, the group claimed. In addition, there will be two conference rooms, three meeting rooms and a board room.
 

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Diaspora for development

OCT 21 -
Recently, Prime Minister Sushil Koirala met a delegation of Non-Resident Nepali Association (NRNA) members, led by its dynamic president, Shesh Ghale, an Australian multimillionaire. During the meeting, Koirala is said to have welcomed the contributions of the NRNA and assured them of a positive investment climate for continuing investment from non-resident Nepalis. The current government—which includes highly educated ministers from prestigious Western institutions such as Finance Minister Ram Saran Mahat, Information and Communications Minister Minendra Rijal, and Commerce and Supplies Minister Sunil Bahadur Thapa—seems to have a positive international outlook and is already doing internal homework on considering many past NRNA demands, not least, the granting of a special citizenship status to NRNs. Past governments have not understood the positive implications behind these well-meaning NRNA proposals and thus, completely neglected them.
http://www.ekantipur.com/2014/10/21/oped/diaspora-for-development/396644.html
 
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