Lok Sabha Question No. 3910 (UNSTARRED), answered on 2018-03-19
Subject: Disinvestment of Hotels
Ministry: TOURISM
Asked by: HARIOM SINGH RATHORE

## GOVERNMENT OF INDIA MINISTRY OF TOURISM

## LOK SABHA UNSTARRED QUESTION NO.†3910 ANSWERED ON 19.03.2018

## DISINVESTMENT OF HOTELS

## †3910. SHRI HARIOM SINGH RATHORE:

Will the Minister of TOURISM be pleased to state:

- (a) the details of the Government owned hotels which have been privatized/disinvested  during  the  last  three  years  and  the current year;
- the  revenue earned by the Government therefrom hotel-wise;
- (b) and
- (c) whether any irregularity has been noticed in the said process and if so, the details thereof and action taken/proposed to be taken by the Government in this regard?

## ANSWER

MINISTER OF STATE FOR TOURISM (INDEPENDENT CHARGE) (SHRI K.J. ALPHONS)

(a): As per the Disinvestment Policy of the Govt. of India, process of disinvestment/divestment of India Tourism Development Corporation Ltd. (ITDC) Hotels/Units that has been completed during the last three years and current year is as follows:

Hotel  properties  transferred  to  the  respective  Ministry  of Central Government and concerned State Governments:

- (i) Hotel  Janpath,  New  Delhi  transferred  on  31.10.2017 through symbolic possession and exchange of documents to  the  Union  Ministry  of  Housing  and  Urban Development.
- (ii) Incomplete  project  of  Hotel  Gulmarg  transferred  to  the Govt. of Jammu & Kashmir on 16.11.2017.
- (iii) Hotel  Jaipur  Ashok,  Jaipur  transferred  to  the  Govt.  of Rajasthan on 09.12.2017.

Equity stake of ITDC transferred to the State Government/JV partner in respect of following properties:

1. Hotel  Lake  View  Ashok,  Bhopal  to  Govt.  of  Madhya Pradesh on 30.06.2017.
2. Hotel  Brahmaputra  Ashok,  Guwahati  to  Govt.  of  Assam on 30.06.2017.

Property managed by ITDC on behalf of Ministry of Tourism:

1. Hotel Bharatpur Ashok transferred to the Government of Rajasthan on 30.04.2017.
2. (b): The revenue earned by the Government/ITDC therefrom hotelwise is as given below:
3. (c): Disinvestment  of  ITDC  hotels  is  being  dealt  with  through  an Inter-Ministerial  Group  (IMG).  No  complaint  has  been  received pertaining to irregularities in the disinvestment process.

|   Sl. No. | Name of Property                                                                     | Amount of Revenue received by ITDC                                   |
|-----------|--------------------------------------------------------------------------------------|----------------------------------------------------------------------|
|         1 | Hotel Janpath, New Delhi                                                             | Amount yet to be finalized                                           |
|         2 | Hotel Jaipur Ashok, Jaipur                                                           | Rs.14 crore. All liability of Hotel Jaipur Ashok to be borne by ITDC |
|         3 | 51% Equity stake in MP Ashok Hotel Corporation Ltd. (Hotel Lake View Ashok)          | Rs.12.59 crore                                                       |
|         4 | 51% Equity stake in Assam Ashok Hotel Corporation Ltd. (Hotel Brahmaputra Ashok)     | Rs.2.14 crore                                                        |
|         5 | 51% Equity stake in Donyi Polo Ashok Hotel Corporation Ltd. (Hotel Donyi Polo Ashok) | Rs.1,98,17.580.00                                                    |
|         6 | Hotel Bharatpur Ashok                                                                | Nil. Unit was only managed by ITDC.                                  |
|         7 | Incomplete Project of Hotel Gulmarg Ashok                                            | Nil                                                                  |

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