Delhi's 'The Ashok' Hotel Worth Rs 7,400 Crore Under Centre's Monetisation Plan: Report
NDTV
The Ashok and the adjacent hotel Samrat are among the eight India Tourism Development Corp assets listed under the National Monetisation Pipeline (NMP)
The government has fixed an indicative value for Delhi's iconic The Ashok hotel at Rs 7,409 crore under the national monetisation programme, according to sources.
The Ashok and the adjacent hotel Samrat are among the eight India Tourism Development Corp assets listed under the National Monetisation Pipeline (NMP) announced by Finance Minister Nirmala Sitharaman last year.
The sources said investor consultation has already been undertaken and a cabinet note for the sale of the sprawling 25-acre property in the heart of the national capital is under consideration.
"The Ashok hotel's monetisation will take place through public-private partnership(PPP) mode and an indicative value of the hotel has been fixed at Rs 7,409 crore," the sources told PTI.
