Nepal billionaire Binod Chaudhary plans new Dubai hotel in tie-up with Taj

Wednesday, 22 June 2016 00:00 - - {{hitsCtrl.values.hits}}

CG Hotels and Resorts, the hospitality division of Nepal’s only billionaire Binod Chaudhary, has signed a deal with India’s Taj Hotels, Resorts and Palaces to open a new property in Dubai, UAE.

The company has already kickstarted the construction of the project in Dubai’s Jumeirah Lake Towers area.

CG Hotels and Resorts, in partnership with Jayant Lal and Raju Shroff, have jointly entered into this venture with Taj Hotels Resorts and Palaces aiming to make the 200-key luxury hotel in Dubai one of the most recognised destinations for business travellers.

The new hotel follows the announcement of the group’s latest property opening next month in Kigali, Rwanda.

The two new hotels represent the start of CG Hotels and Resorts’ strategic expansion across the Middle East and Africa, having identified key markets such as Muscat, Abu Dhabi, Dubai, Doha, Saudi Arabia and Iran in the Middle East as well as Kigali, Nairobi, Dar E Salaam, Kampala, Burundi and Mozambique in Africa as potential investment destinations. This is a part of its larger global development strategy, with a target to more than double the number of hotels to 200 by 2020, which would make CG Hotels and Resorts a dominant player in the hospitality sector globally.

Speaking about the company’s expansion plans, Rahul Chaudhary, director, CG Hotels and Resorts, said: “With the opening of The Zinc & Zinc Living luxury hotel in Kigali, Rwanda, soon, we will be setting a new benchmark in hospitality in East Africa. The hotel is due to open in time for the African Union Conference in July and will host various dignitaries and heads of state amongst its first guests. Our presence in so many different countries and geographies along with an array of profitable brands gives us a greater flexibility and an edge over other brands, to invest in properties with various affiliated brands.”

Comprising 79 hotels in 59 destinations across 12 countries including its own Zinc & Fern branded hotels and resorts, CG Hotels & Resorts has a proud history of successful joint ventures with esteemed partners and brands such as Taj, Alila, Jetwing and The Farm amongst others. Its diverse and unique portfolio of owned and partner hotels under these brands include acclaimed properties such as the iconic Taj Exotica Resort & Spa Maldives, Taj Samudra Colombo, The Farm in Philippines, Jetwing Vil Uyana in Sigiriya Sri Lanka and Taj Safari lodges in central India.

CG Hotels and Resorts also has strategic investments in multiple management companies, which owns several brands in the luxury, business, wellness and budget space across various geographies such as Alila, Zinc & Fern. Under its management company arm, Concept Hospitality and Alila, the group manages over 40 hotels and another 35 projects in the pipeline within India.