India Tourism Development Corporation Ltd. (ITDC) has signed the Transfer Agreement with Rajasthan government on 9th December 2017 to transfer Hotel Jaipur Ashok to the state government. With the signing of agreement at Paryatan Bhawan, the Hotel Jaipur Ashok located at Collectorate Circle would now be operated and managed by the Rajasthan State Hotel Corporation Ltd, with new identity ‘Hotel Jaipur’.
The Agreement was signed by Piyush Tiwari, Director, (Commercial & Marketing), ITDC and Nihal Chand Goel, Additional Chief Secretary (Tourism), State government in presence of Rashmi Verma, Union Tourism Secretary; Ravneet Kaur, CMD, ITDC; Suman Billa, Joint Secretary, Ministry of Tourism, Govt of India and other dignitaries from state government.
The Indian Tourism Development Corporation (ITDC) executed transfer documents for transferring Hotel Jaipur Ashok to the Rajasthan government at a negotiated price of Rs 14 crore. Earlier on September 5, a tripartite memorandum of understanding (MoU) was executed among ITDC, the Ministry of Tourism and the Government of Rajasthan for transfer of Hotel Jaipur Ashok to the state government at a “negotiated value of Rs 14 crore without any liabilities and encumbrances”.
