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Govt to transfer management control of 8 loss-making ITDC hotels

DELHI

Government has hired consultancy firm Ernst&Young (EY) to select bidders for managing eight loss making hotels run by India Tourism Development Corporation (ITDC).

Sources said that there will not be any outright sale of ITDC hotels and they would be handed over to the best bidders on management contract basis.

“It is only (transfer of) management to the best bidder,” the official said when asked whether the government is planning to sell the eight hotels.

“EY will do the valuation. The process will start next month,” the official told PTI.

The eight hotels, which are likely to see management change include those at Jaipur, Bhubaneswar, Puri, Jammu, Guwahati, Ranchi, Pondicherry and the Lalitha Mahal hotel in Mysore, all of which are loss-making.

ITDC, a PSU under the Tourism Ministry, runs 16 hotels including three in Delhi and the rest in Jammu, Ranchi, Bhubaneswar, Puri, Patna, Bhopal, Bharatpur, Jaipur, Guwahati, Pondicherry, Mysore and Itanagar.

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