Of this amount, ₹820 crore has been allocated for The Ashok Hotel and ₹380 crore for Hotel Samrat.
According to year-wise targets, the redevelopment of The Ashok is set to be awarded in FY27, while the Hotel Samrat project is anticipated to be granted in FY30, indicating a staggered rollout within the five-year window of NMP 2.0.
Due to its larger scope, the government has indicated that The Ashok project will be prioritized in the initial phase of the tourism monetisation programme, with Hotel Samrat slated for the later part of the timeline.
The redevelopment will encompass infrastructure enhancement as well as the operations and management of both properties.
Monetisation will be executed mainly through the public-private partnership (PPP) model under the Operations, Management and Development Agreement (OMDA), where private entities will invest in modernisation and assume operational duties.
Also read: National Monetisation Pipeline 2.0: How India aims to monetise ₹16.72 lakh crore via GAIL, Coal India, AAI
The Ashok Hotel is a five-star deluxe establishment situated in the Diplomatic Enclave of Chanakyapuri, New Delhi. It is owned and managed by the India Tourism Development Corporation (ITDC), a central public sector undertaking under the Ministry of Tourism.
Opened in 1956 to accommodate foreign dignitaries and significant international events, the hotel occupies a prime location near various foreign missions and key government residences.
Hotel Samrat, also under ITDC management, is located in central New Delhi.
In contrast to The Ashok, which has experienced several attempts at long-term leasing or privatisation, Samrat has predominantly remained under government control due to its proximity to sensitive areas.
ITDC, founded in 1966, owns and operates both hotels as part of its extensive hospitality portfolio across India.
The redevelopment initiative is part of the comprehensive NMP 2.0 framework, through which the government aims to monetise ₹16.72 trillion worth of public assets from FY26 to FY30 to reinvest capital into new infrastructure development.
