Government Plans ₹1,200 Crore Redevelopment for The Ashok, Samrat Hotels via NMP 2.0

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Centre plans ₹1,200 Crore redevelopment of The Ashok, Samrat Hotels under NMP 2.0

Government to Monetise The Ashok Hotel and Hotel Samrat via PPP Under NMP 2.0

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Storyboard•24-02-2026, 11:33

Centre plans ₹1,200 Crore redevelopment of The Ashok, Samrat Hotels under NMP 2.0

•The Centre proposes ₹1,200 crore redevelopment for The Ashok Hotel and Hotel Samrat under NMP 2.0.
•₹820 crore is earmarked for The Ashok Hotel and ₹380 crore for Hotel Samrat, with phased rollout.
•Redevelopment involves infrastructure upgrades, operations, and management via Public-Private Partnership (OMDA model).
•The Ashok Hotel, a five-star deluxe property, and Hotel Samrat are owned and operated by ITDC.
•The overhaul aims to modernize legacy hospitality assets and leverage private sector expertise.

Read Full Article on Storyboard in English

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