India’s Lemon Tree hotel chain has confirmed a signed accord to open a hotel with an adjacent casino in Nepal’s industrial capital, Biratnagar
India’s biggest mid-priced hotel chain, Lemon Tree Hotels, has announced that it will open its third property, an 80-room hotel in the country’s industrial capital, Biratnagar in Nepal under the brand Lemon Tree Premier. The property is planned to have an adjacent casino.
Under the signed ‘licence agreement’, this property is owned by Nepal International Hospitality Pvt Ltd, and is expected to open in January 2023, that will feature about 80 rooms and suites, a casino, a multi-cuisine restaurant, a bar, MICE venues, and other recreational facilities including a spa, a swimming pool and a fitness centre.
Lemon Tree Deputy Managing Director, Rattan Keswani, said “Nepal is not just a country with which we, as a nation, have close personal ties, but is also a region that we feel holds immense business and tourism potential, with its scenic locales and stunning mountains,”.
“We are delighted to expand our upcoming portfolio in Nepal with Nepal International Hospitality. The addition of this hotel will help expand our reach in the country and add to our repertoire of hotels in the region. The planned casino, which will be built adjacent to the hotel, will be an added USP and provide an exclusive offering to our guests,” he added.
According to the Horwath Report, Lemon Tree Hotels Limited is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall, on the basis of controlling interest in owned and leased rooms, as of June 30, 2017. Lemon Tree operates two other properties, one in Kathmandu and in Nagarkot.
Nepal’s casino industry is one of the oldest in Asia, but has faced a tumultuous few years, with the government closing all casinos in 2014 after failure to comply with new regulations and pay outstanding licence fees. The casinos began reopening in 2015, only to be hit by an earthquake in April.
According to Union Gaming Analytics, an industry consultant, the Indian market could have the potential for US $4 billion in gaming revenue and Nepal casino insiders say operators are perfectly positioned to attract those players.
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