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- The Hyatt Regency Hotel in Kathmandu, Nepal, is an urban five-star resort located near the Boudhanath stupa. The hotel, opened in 2000, is built in the traditional Newar architecture on 37 acres of land. It is operated by Taragaon Regency Hotels, and employs 400 workers. The hotel was built under public-private partnership with 40% public ownership and 60% private. It recorded losses for 22 years, during which the public ownership of the hotel shrunk to 9%, and later began registering record profits. The public land on which the hotel was built was in the process of being privatised at extremely cheap rates. Parliamentary committees began investigating possible financial irregularities by the private partners, including the possibility that Taragaon Regency Hotels deliberately showed losses in order to illegally gain ownership stake on the hotel by decreasing the share prices and buying them back cheaply, while deterring investment from others. The Auditor General's office and the Commission for the Investigation of Abuse of Authority also investigated the activities of Taragaon Regency Hotels. As of 2020, Taragaon Development Committee, the entity representing public interests in the hotel, is attempting to reclaim the land into public ownership. (en)
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- 280 (xsd:nonNegativeInteger)
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- 7 (xsd:nonNegativeInteger)
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- 12310 (xsd:nonNegativeInteger)
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- Hyatt Regency Kathmandu (en)
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- Hyatt Regency Kathmandu (en)
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| rdfs:comment
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- The Hyatt Regency Hotel in Kathmandu, Nepal, is an urban five-star resort located near the Boudhanath stupa. The hotel, opened in 2000, is built in the traditional Newar architecture on 37 acres of land. It is operated by Taragaon Regency Hotels, and employs 400 workers. The hotel was built under public-private partnership with 40% public ownership and 60% private. It recorded losses for 22 years, during which the public ownership of the hotel shrunk to 9%, and later began registering record profits. The public land on which the hotel was built was in the process of being privatised at extremely cheap rates. Parliamentary committees began investigating possible financial irregularities by the private partners, including the possibility that Taragaon Regency Hotels deliberately showed losse (en)
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- Hyatt Regency Kathmandu (en)
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- POINT(85.355003356934 27.72200012207)
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- Hyatt Regency Kathmandu (en)
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