M/s Akama Hotel Ltd. a hotel development and investment company based in Nepal, today declare the signing of a franchise agreement with Wyndham Hotels & Resorts for a new hotel development under the midscale Ramada by Wyndham brand in Kathmandu, Nepal.
Kathmandu is the capital and most populous city of Nepal. It is located in the Kathmandu Valley, a large valley in the high plateaus in central Nepal, at an altitude of 4,600 feet. It lies in a hilly region near the confluence of the Baghmati and Vishnumati rivers, at an elevation of 4,344 feet above sea level. The city was the royal capital of the Kingdom of Nepal and hosts palaces, mansions and gardens built by the Nepali aristocracy. Nepal is the headquarters of the South Asian Association for Regional Cooperation.
The city is home to several World Heritage Sites: The Durbar Square, Swayambhu Mahachaitya, Bouddha and Pashupatinath. Proposed hotel is situated just 3 kms from the Pashupatinath Temple a UNESCO world heritage site and 4.5 kms from the Tribhuvan International Airport and have great views of the Kathmandu Valley.
Expected to open in 2024, Ramada by Wyndham Kathmandu Dhumbarai will have a modern design 109 contemporary rooms and a host of amenities including a lobby lounge, an all-day dining restaurant & bar, health club, spa, swimming pool, meeting room and a business center.
Mr. Binaya Kumar Shrestha, Chairman, M/s Akama Hotel Ltd said, “We are pleased to partner with Wyndham Hotels & Resorts, which is the world largest hotel franchise company in the world and introduce the Ramada by Wyndham brand in the city of Kathmandu. We are working closely with team Wyndham to convert the hotel to high international standards and look forward to welcoming guests to our hotel in 2024.”
Nikhil Sharma, Market Managing Director Eurasia, Wyndham Hotels & Resorts said, “We are happy to announce signing of Ramada by Wyndham brand in Nepal, our 4th hotel in Nepal. This reaffirms our commitment to continued growth in the mid-market segment & further strengthens our presence in Kathmandu, Nepal.. This signing reaffirms our commitment to our continued growth in the mid-market segment and will further strengthen our presence in Kathmandu, Nepal. We look forward to our partnership with M/s Akama Hotel Ltd. and bringing another high-quality hotel in Nepal.”
Once fully operational, the hotel will generate additional direct employment for more than 100+ people in the city of Kathmandu.