In a significant development for the tourism and hospitality sector of southern Nepal, Himalayan Capital Limited has signed an agreement to oversee the issuance and sale of 3 million shares of Hotel Ichchha Limited. The offering, valued at Rs. 30 crore, marks a key step in expanding public investment opportunities in the region’s premier hospitality destination.
Hotel Ichchha, the first and only five-star hotel in Madhesh Province, is located in the rapidly growing city of Simara. The hotel plans to offer 20 percent of its issued capital to the public through this Initial Public Offering (IPO), making it one of the most notable IPOs in the regional tourism industry.
Spread across more than five bighas of land, Hotel Ichchha boasts a wide range of premium facilities, including 100 deluxe rooms, a casino, a spa, a modern swimming pool, and top-tier banquet services. Since its inception, the hotel has emerged as a key hub for destination weddings, corporate events, and high-end tourism, drawing a significant number of visitors, particularly from the neighboring Indian state of Bihar.
In a move aimed at further enhancing its service quality and global appeal, the hotel is currently in the final stages of transferring its management to a reputed Indian hotel group, signaling a major shift toward professional international hospitality standards.
The partnership with Himalayan Capital Limited is expected to ensure smooth execution of the share issuance process while also increasing transparency and investor confidence. Industry insiders believe this step could pave the way for more hospitality ventures in Madhesh Province to enter the capital market and attract both domestic and foreign investors.
As Nepal focuses on decentralizing tourism and fostering regional growth, Hotel Ichchha stands as a prime example of luxury tourism potential outside the Kathmandu Valley, and its public offering is likely to set a precedent for similar investments in the future.
