According to the management, there is a plan to upgrade the facilities of the hotel to five-star level with the investment raised from the IPO, to develop infrastructure including sports complex and health fitness.
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Asian Hotel Limited (Asian Buddha), which has been operating for the past four years in the tourist town of Bhairawa (Siddharthnagar), the gateway to Lumbini, is going to issue an IPO. The hotel has started the necessary process for issuing the IPO.
Asian Hotel has prepared to raise 35 million rupees by issuing 3.5 million shares of ordinary shares through the issuance of ordinary shares (IPO) to allow the common people to participate in business expansion. According to the management, there is a plan to upgrade the facilities of the hotel to five-star level with the investment raised from the IPO, to develop infrastructure including sports complex and health fitness. The hotel has appointed Muktinath Capital Limited as the sales manager to proceed with the share issue process.
President Paras Adhikari on behalf of Hotel Asian Limited and Chief Executive Officer Kavindradhwaj Joshi on behalf of Muktinath Capital have signed the contract in the formal program. Hotel director Tilakram Ghimire, Pomnarayan Adhikari, Santosh Chaudhary, Sushant Tripathi and others were present in the event.
said that the hotel is currently doing business with 66 comfortable rooms, spa, fitness center, casino, banquet hall, outdoor garden, high-level seminars, conferences and other related facilities such as destination weddings.
After the issue of shares, the presiding officer informed that there is a plan to expand the service to other main cities of Pokhara, Kathmandu, Chitwan. After the addition of branch services, it is expected to contribute more to the creation of jobs at the local level and the promotion of tourism in Lumbini.
Hotel has announced that it has been committed to the technology-based service management system, the concept of green tourism, and the strategy of leading the business expansion while remaining committed to the goals of sustainable development.
