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ITDC signs Transfer Agreement for Hotel Jaipur Ashok with Rajasthan Govt.

Tuesday, December 12, 2017, 18:38 Hrs  [IST]
HBI Staff|New Delhi

India Tourism Development Corporation Ltd. (ITDC), the public sector undertaking under Ministry of Tourism, Government of India, signed the Transfer Agreement with Rajasthan government on to transfer Hotel Jaipur Ashok to the state government. 

With the signing of agreement at Paryatan Bhawan, the Hotel Jaipur Ashok located at Collectorate Circle would now be operated and managed by the Rajasthan State Hotel Corporation Ltd, with new identity ‘Hotel Jaipur’.

 ITDC has executed transfer documents for transferring Hotel Jaipur Ashok to the Rajasthan government at a negotiated price of Rs 14 crore. Earlier on September 5, a tripartite memorandum of understanding (MoU) was executed among ITDC, the Ministry of Tourism and the Government of Rajasthan for transfer of Hotel Jaipur Ashok to the state government at a ‘negotiated value of Rs 14 crore without any liabilities and encumbrances.’  

The Agreement was signed by Piyush Tiwari, Director, (Commercial & Marketing), ITDC and Nihal Chand Goel, Additional Chief Secretary (Tourism), Rajasthan in presence of Rashmi Verma, Secretary, Minister of Tourism, Govt of India, Ravneet Kaur, Chairperson and Managing Director, ITDC, and Suman Billa, Joint Secretary, Ministry Of Tourism, Govt of India

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