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Govt mulling to lease, transfer management control in ITDC hotels

Hotels that are run jointly by the Centre and states can also be given to private entities on lease

Press Trust of India  |  New Delhi 

The government is considering leasing ITDC hotels with management right to private companies as part of its efforts to monetise the properties owned the state-run firm. According to sources, the government is chalking out a plan under which ITDC hotels that are owned and run by the central government would be let on lease to private companies. These companies will have the right to decide on management, expansion and new investments. Hotels that are run jointly by the Centre and states can also be given to private entities on lease, sources said. In case of hotels that are built on ...

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First Published: Thu, April 20 2017. 21:51 IST
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