Managing the hospitality business optimally has been another indispensable part of ICTC Group in a bid to contribute to Nepal’s tourism sector. Keeping this in mind, Taragaon Regency Hotels (TRH) has aimed to open high-end hotels in each of the seven provinces of the country.
Established in 1991 as a joint venture between ICTC and the Yak and Yeti Group, the government and Asian Development Bank under the Public-Private Partnership (PPP) model, which is the first of its kind in Nepal. The company started operating Hyatt Regency Kathmandu in 2000.
Apart from renovating the rooms, restaurants, and other major areas, TRH has been planning to expand its activities within its current area of land by opening an international standard exhibition
center with a car parking capacity of 1,000 and a separate 4-start hotel property with 150 to 300 rooms primarily catering to Indian and Chinese tourists.
Similarly, Taragaon Village, a unique Boudhabased cultural market project to cater to the growing and evolving tourism sector is also being planned for investment. The design and planning for all these projects are completed, and construction will commence as soon as the company receives clearance from
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