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Fairfield-KTM

Sector: Steel • Location: Nepal

Source: International Finance Corporation (IFC)

Project
Completed

Nepal Hospitality Group Pvt Ltd (“NHGPL”, the “Company” or the “Borrower”), was incorporated in 2012 as a private limited company under MS group (the “Group”). The MS group, a reputed conglomerate in Nepal , has diversified presence in textile, steel, consumer goods, real estate and other sectors. The Group is currently venturing into hospitality industry by developing a midscale hotel in Kathman

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Project Information

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The project “Fairfield-KTM” is an infrastructure initiative in the Steel sector, located in Nepal. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Company

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Status

Original status

completed

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Description

Description

Nepal Hospitality Group Pvt Ltd (“NHGPL”, the “Company” or the “Borrower”), was incorporated in 2012 as a private limited company under MS group (the “Group”). The MS group, a reputed conglomerate in Nepal , has diversified presence in textile, steel, consumer goods, real estate and other sectors. The Group is currently venturing into hospitality industry by developing a midscale hotel in Kathmandu, under the Fairfield brand of Marriot Group. The proposed hotel is a greenfield, Three star facility, hotel property (the “Project”), to be operated by Marriott International (the “Operator”). It will have a total of 110 rooms with 10 floors, 2 basements, and will include other amenities such as one restaurant, fitness centre, two meeting rooms, bar and a shop.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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