Indian Hotels among three in race to buy 4-star hotel in New Delhi

Neighbourhood Travel Desk: Tata Group-controlled Indian Hotels Company is one of the three firms who has confirmed putting in a bid to buy a four-star hotel property in New Delhi.

The 31-year-old, seven-storey, 87-room property has been shut for nearly two years following the murder of a New Delhi Municipal Corporation (NDMC) officer, allegedly by the property’s owners.

Mid-market and budget brands Sarovar Hotels and Byke Hotels are the other two companies who have confirmed their interest in buying the defunct hotel. The property is located on Shaheed Bhagat Singh Marg, next to Shivaji Stadium.

 NDMC had sealed the hotel after the investigation into the controversial murder of an estate officer, M M Khan, revealed the involvement of Ramesh Kakkar, the then promoter of the hotel.

Kakkar, who owed around Rs 140 crore as the licence fee to the civic body, along with six others, was arrested for the murder of Khan, a day before he was to pass the final order on the property’s lease terms. Khan reportedly refused to accept a bribe to rule in favor of the hotel facing eviction.

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