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Centre to monetise The Ashok Hotel; Samrat to be retained by ITDC

The government, through its consultant, will hold a roadshow on August 22 to seek views of market participants on the proposed models for monetisation of ITDC properties

'The Ashok', 7 other ITDC hotels to be monetised in next 4 years
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According to the proposal, The Ashok — spread across 11 acres — will be leased out via OMD, allowing the private partner to undertake refurbishment of the property

Nikunj Ohri New Delhi
The Centre will license out The Ashok Hotel through the operate-maintain-develop (OMD) mode for a period of 60 years, and monetise its spare land in New Delhi for commercial development and making luxurious service apartments through public-private partnership (PPP). 

Hotel Samrat — separated from The Ashok by a boundary wall in New Delhi— will be retained by India Tourism Development Corporation (ITDC).

ITDC is a public-sector undertaking that owns The Ashok and Hotel Samrat.

The government, through its consultant, will hold a roadshow on August 22 to seek views of market participants on the proposed models for monetisation of ITDC