Kathmandu: Annapurna Square Pvt. Ltd. has partnered with ITC Hotels, a renowned name in luxury hospitality from India, to redevelop and manage a new 5-star hotel at the current site of Hotel Annapurna in Durbarmarg. This collaboration is set to transform the legacy hotel into a premier luxury destination, marking a significant development for Nepal’s hospitality sector. The reimagined Annapurna will be managed under ITC Hotels’ esteemed Welcomhotel brand, enhancing its status as one of Kathmandu’s iconic landmarks.
The signing ceremony in Kathmandu showcased ITC Hotels’ commitment to world-class management, sustainability, and hospitality. Annapurna Square Pvt. Ltd. aims to preserve the rich cultural heritage of Hotel Annapurna while setting new benchmarks for luxury hospitality in Nepal. This will be ITC Hotels’ second project in Nepal, adding to their presence with Fortune Resort & Wellness Spa Bhaktapur.
Annapurna Square Pvt. Ltd. will oversee the transformation of Hotel Annapurna into a state-of-the-art mixed-use complex. The new facility will feature luxury accommodations, high-end retail spaces, fine dining, and a large convention center. The 318-room 5-star hotel will also include 30 service apartments, four conference spaces, a shopping arcade, and an entertainment zone, creating a vibrant destination in the heart of Kathmandu.
ITC Hotels will be responsible for the day-to-day operations, branding, and guest experiences, bringing its global expertise in luxury and sustainability. The hotel is slated for completion by April 2028.
Aligned with ITC Hotels’ “Responsible Luxury” philosophy, the new Hotel Annapurna will prioritize eco-friendly practices, from energy-efficient technologies to the use of locally sourced materials. Annapurna Square Pvt. Ltd. has enlisted Morphogenesis, a leading architectural firm from India, to design the project. Known for its innovative and sustainable designs, Morphogenesis aims to blend modern architectural excellence with the cultural heritage of Kathmandu.
Shreejana Rana, Executive Director of Hotel Del’ Annapurna Pvt. Ltd., expressed her excitement for the partnership: “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.”
Min Bahadur Gurung, Chairman of Annapurna Square Pvt. Ltd., stated: “This association with ITC Hotels marks a significant milestone for Nepal’s tourism industry. ITC’s unrivaled experience in luxury hotel operations aligns with our ambition to reimagine Hotel Annapurna as an extraordinary landmark in Kathmandu.”
Anil Chadha, Chief Executive of ITC Hotels, emphasized the significance of this collaboration: “We are delighted to work with Annapurna Square Pvt. Ltd. to manage this iconic property. Our planet-positive philosophy will ensure that the redeveloped property is rooted in the heritage and local ethos of the land.”
Hotel Del’ Annapurna Pvt. Ltd. – Located in Durbarmarg, Hotel Annapurna has a six-decade history as a central landmark in Nepal, known for hosting royalty, dignitaries, and global travelers. The redevelopment will rejuvenate this heritage property, combining cultural preservation with modern luxury and sustainability.
Annapurna Square Pvt. Ltd. – A special-purpose vehicle for redeveloping Hotel Annapurna under a Build, Own, Operate, and Transfer (BOOT) model. Annapurna Square Pvt. Ltd. is committed to creating landmarks that blend traditional architecture with modern luxury and sustainability.
ITC Hotels Group – One of India’s leading luxury hotel chains, ITC Hotels operates under six brands and is renowned for its commitment to sustainability. With properties across 90 destinations, ITC Hotels embodies the Namaste experience, integrating hospitality with local culture and eco-conscious practices.
