Historic Agreement Between Marriott International and CG Hospitality to Develop Two Ultra-Luxury Hotels in Nepal

CG Hospitality Global and Marriott International have signed a historic agreement to operate two ultra-luxury hotels in Nepal. A 1.5 billion NPR investment will go into constructing ‘The Ritz-Carlton Kathmandu’ in Thamel, Kathmandu, which is scheduled to open by 2029. According to the agreement, a 150-room ‘The Westin Kathmandu’ hotel will also be operated near Tribhuvan International Airport.

Kathmandu, 7 June — International hotel chain Marriott has finalized a landmark agreement with CG Hospitality Global to operate two ultra-luxury hotels in Nepal. The signing ceremony, attended by Marriott International Board Chairman David Marriott and CG Hospitality Global Chairman Binod Chaudhary, also included plans to operate a hotel in Siliguri, India.

Chairman Chaudhary stated, “This agreement signals that Nepal’s hospitality industry is ready to ascend to a new level.” The groundbreaking ceremony for The Ritz-Carlton Kathmandu was completed in March. This hotel will be located in the tourist hub of Thamel and will include 150 ultra-luxury rooms, branded residences, a commercial complex, and a casino.

CG Hospitality and its partners have expressed their commitment to supporting the new government’s confidence in the private sector and investment promotion through this project. Rahul Chaudhary, Managing Director and CEO of CG Hospitality Global, emphasized that the arrival of The Ritz-Carlton reaffirms the Chaudhary Group’s pledge to make a world-class contribution to Nepal’s tourism sector.