Thamel Plaza Hotel IPO will be issued -AGM Agenda

Thamel Plaza Hotel IPO will be issued in the future. It is the agenda of Thamel Plaza Hotel & Suites Limited’s 12th AGM on 7th Chaitra, 2080. The meeting will be held at 4:00 PM in the Thamel Plaza Hotel & Suites Limited, Thamel, Kathmandu.

The AGM agendas are as follows.

  • Endorsement of the annual report of the company.
  • Endorse the auditor’s report for 2079/80.
  • The meeting will appoint the auditor and determination of their remuneration for the fiscal year 2080/81.
  • To issue Thamel Plaza Hotel IPO to the general public.

CARE Ratings Nepal Limited (CRNL) is the ratings of ‘CARE-NP BB’ assigned to the long-term bank facilities and ‘CARE-NP A4’ assigned to the short-term bank facilities of Thamel Plaza Hotel & Suits Private Limited (TPHS) on ‘credit watch with negative implications’.

Thamel Plaza Hotel & Suits Limited

Thamel Plaza Hotel IPO

Thamel Plaza Hotel & Suits Limited was established on January 05, 2012. The Thamel Plaza Hotel is setting up a premium hotel property in Thamel, Kathmandu. It is operated under the brand name ‘Ramada Encore Kathmandu Thamel’. The hotel has a total of 90 rooms.

It is a member of the Hotel Association Nepal (HAN). The HAN is as nonprofit organization that was established in the year 1966, when it had just eight hotels all of them in Kathmandu itself. In the first ten years of its existence, due to the early stage of the industrial age as well as the membership being extremely homogenous the Hotel Association Nepal was able to make its mark on the governmental regulatory and social up gradation aspects of tourism.

Furthermore, HAN was able to project itself as a leader in the decision-making process about tourism. No aspects of tourism policies and their implementation could void the forceful imprint of HAN. The hotel industry at that time was perhaps one of the few successful industries in the scenario where hardly any other industry existed. The period of 1970 to early 1980 was a prolific year for tourism growth and its spread.

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