Citizens Capital Limited and Hotel Parkland Limited have signed an agreement appointing Citizens Capital as the issue and sales manager for Hotel Parkland’s forthcoming public share offering. The signing ceremony was held in Dillibazar, Kathmandu, marking a significant step toward bringing the Chitwan-based hotel to Nepal’s capital market.
Formal Agreement Signed in Kathmandu
The agreement was signed on behalf of Hotel Parkland Limited by its Chairman, Mr. Sharad Kumar Pandey, while Mr. Sabir Bade Shrestha, Chief Executive Officer of Citizens Capital Limited, represented the issue manager. With this agreement, Citizens Capital will lead the public issuance process of Hotel Parkland’s ordinary shares, following approval from the Securities Board of Nepal (SEBON).
Citizens Capital to Manage Public Offering
As per the agreement, Citizens Capital Limited will act as the issue and sales manager, handling regulatory coordination, documentation, and the public offering process. The company will facilitate the IPO once SEBON grants approval, enabling Hotel Parkland to access public investment and expand its capital base. The appointment reflects Hotel Parkland’s strategic move to strengthen corporate governance, enhance transparency, and mobilize funds through the capital market.
Established Hospitality Brand in Sauraha
Hotel Parkland Limited has been operating for the past 18 years and is located in the heart of Sauraha, Chitwan, one of Nepal’s most popular wildlife tourism destinations. The hotel currently occupies a 32-kattha land area and operates 32 well-appointed rooms. It is strategically situated approximately 350 meters from the busy Gaidachowk area, making it easily accessible to both domestic and international tourists visiting Chitwan National Park.
Expansion Plans Toward Four-Star Status
Hotel Parkland has ambitious expansion plans aimed at upgrading its facilities and service standards. The company plans to expand its property to 44 kattha of land and increase its room capacity to 105 rooms. With this expansion, the hotel aims to transform into a four-star category property, enhancing its competitiveness in the growing hospitality market of Sauraha.
The planned development is expected to introduce upgraded accommodation facilities, improved amenities, and modern hospitality infrastructure to cater to the increasing flow of tourists to Chitwan, particularly wildlife enthusiasts and nature-based travelers.
New Investment Opportunity in Hospitality Sector
The inclusion of Hotel Parkland in the public market is expected to open a fresh investment avenue in Nepal’s hotel and tourism sector. With tourism gradually rebounding and destinations like Sauraha witnessing rising visitor numbers, hospitality businesses are increasingly becoming attractive investment options. Market observers believe that Hotel Parkland’s IPO could draw strong interest from investors seeking exposure to the tourism and hospitality industry.
Strengthening Tourism-Led Economic Growth
The public listing of Hotel Parkland is also expected to contribute to local economic development by creating employment opportunities, improving service standards, and boosting tourism-related activities in the Chitwan region. By raising capital through the stock market, the company aims to strengthen its financial foundation and accelerate its expansion plans, supporting the broader goal of sustainable tourism growth in Nepal.
With the appointment of Citizens Capital as the issue manager, Hotel Parkland has taken a decisive step toward entering Nepal’s capital market, signaling confidence in both the hospitality sector and the country’s evolving investment landscape.
