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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 

ITDC Hotels, The Ashok
The Ashok

The government is considering leasing 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 that are owned and run by the central government would be let on 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 on lease, sources said.

In case of hotels that are built on state land, the right could be transferred to the states for a consideration. The state governments can then decide to sell or to to

The decision to and transfer management control of hotels assumes importance as the government has been trying for strategic sale of for two years.

If the hotels are given on lease, then the government will earn premium till the time run the hotels.

The government is targeting Rs 15,000 crore from strategic sale in and another Rs 46,500 crore by selling minority stake in

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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

Hotels that are run jointly by the Centre and states can also be given to private entities on lease The government is considering leasing 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 that are owned and run by the central government would be let on 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 on lease, sources said.

In case of hotels that are built on state land, the right could be transferred to the states for a consideration. The state governments can then decide to sell or to to

The decision to and transfer management control of hotels assumes importance as the government has been trying for strategic sale of for two years.

If the hotels are given on lease, then the government will earn premium till the time run the hotels.

The government is targeting Rs 15,000 crore from strategic sale in and another Rs 46,500 crore by selling minority stake in
image
Business Standard
177 22

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

The government is considering leasing 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 that are owned and run by the central government would be let on 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 on lease, sources said.

In case of hotels that are built on state land, the right could be transferred to the states for a consideration. The state governments can then decide to sell or to to

The decision to and transfer management control of hotels assumes importance as the government has been trying for strategic sale of for two years.

If the hotels are given on lease, then the government will earn premium till the time run the hotels.

The government is targeting Rs 15,000 crore from strategic sale in and another Rs 46,500 crore by selling minority stake in

image
Business Standard
177 22