NRNs to open a deluxe five-star hotel in Nepal

The Non-Resident Nepalis (NRNs) are to collectively establish a deluxe five-star hotel in association with an international chain in Nepal. Organizing a press meet, Shesh Ghale, the newly elected President of the Non-Resident Nepali Association, announced that the hotel through collective investment of the NRNs. “We will first carry out a feasibility study, we will call for the collective investment from the NRNs, giving equal priority to all them,” added Ghale. The venue of the proposed hotel is yet to be acertained. Ghale said many of the international hotel chains have shown interest for establishing international hotels in Nepal. Such hotels can have multiplier benefits to the Nepali economy. Say, a hotel of 200 beds can provide employment to over 400 employees, he added. “Moreover, working with international chain, employees can get opportunity to be well-trained and they can be shifted to any of the hotels worldwide after a period of work,” Ghale further said. Ghale is separately constructing a five star hotel in association with Sheraton Hotel, an international chain, in Kathmandu. The first meeting of the NRNA new executive committee on Friday also decided to scale up the collective investment of the NRNs for creating new jobs as well as infrastructure development. The plan of promoting entrepreneurship among the Nepalis is another program of the NRNA, the press release said. Ghale said that the collective investment in hydropower via NRN Investment Limited continues. “We are also mulling over the investment in commercial agriculture and infrastructure.” Likewise, the NRNA continues to lobby for investment-friendly environment in the country. The first meeting of newly elected executives of the NRNA on Friday has also decided to construct its own office building. The executive committee has made commitment of collecting Rs 20 million for the building. Ghale has pledged Rs 10 million for the project. The organization of the Nepali diaspora was registered at the Ministry of Foreign Affairs on October 20. The registration of the organization paved the way for purchasing land and constructing its own building. Currently the organization has its office at secretariat of FNCCI at Teku in the capital. A two day international convention and a two-day global conference of the NRNs concluded with 14-point declaration on Tuesday.