Nigalo Hotel Limited has signed an agreement with Muktinath Capital Limited for the management of its IPO, with Chairman Tika Raj Baral of Nigalo Hotel and CEO Kabindra Dhwaj Joshi of Muktinath Capital signing the agreement.
The four-star hotel, built in traditional and cultural architectural style in Nagarkot, plans to issue 18,75,000 ordinary shares, representing 25% of its issued capital, to the general public. According to the company, the hotel aims to establish a distinct identity by combining heritage experience with modern hospitality services. A specially constructed view tower in the hotel complex will offer panoramic views of the Himalayas, Kathmandu, Bhaktapur, and Lalitpur Valley.
The hotel, nearing the final stage of operation, will feature 68 premium rooms including suites, three banquet halls, three restaurants, a bar, swimming pool, spa, gym, meditation room, coffee shop, and a music club. Additionally, under its long-term strategy, the company plans to operate the first casino in the area. Chairman Baral stated that the hotel also has long-term plans to expand services to major cities such as Pokhara, Kathmandu, and Chitwan following the IPO issuance.
The company’s founders and promoters include experienced business professionals from the tourism, hydropower, banking, and education sectors. The hotel operations will be led by managers with over 25 years of industry experience. Built at an investment of approximately Rs 1 Arba, Nigalo Hotel is expected to start operations within four months. The company is also strategically studying partnerships with Indian and international travel agencies to optimize hotel operations.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
