|The Leela Palaces, Hotels and Resorts and Summit Group of Nepal signed a memorandum of understanding to collaborate on the first of four hotels to be established across Nepal.|
The Leela Kathmandu, the first of the series, a 5-star deluxe hotel to be built in the heart of Kathmandu, is expected to be completed within 36 months.
Summit Group, which has extensive interests in real estate, hotels and allied businesses, will develop the property, while The Leela will market and manage.
Vivek Nair, Chairman and Managing Director, The Leela Palaces, Hotels and Resorts said: "We are delighted to begin our foray in the international markets with Kathmandu. Given the potential of tourism worldwide, we look forward to expanding our footprint in India and overseas."
Located close to the Narainhity Museum, The Leela Kathmandu will be the first of a series of hotels to be established across Nepal. It will be followed by a hotel in Lumbini, birthplace of the Buddha. Other places in Nepal where hotels are being planned under the Leela banner include Pokhara.