Lok Sabha Question No. 130 (UNSTARRED), answered on 2016-07-18
Subject: Privatisation of ITDC Hotels
Ministry: TOURISM
Asked by: SUMEDHANAND SARASWATI

## GOVERNMENT OF INDIA MINISTRY OF TOURISM

## LOK SABHA UNSTARRED QUESTION NO.130 ANSWERED ON 18.07.2016

## PRIVATISATION OF ITDC HOTELS

## 130.  SHRI SUMEDHANAND SARSWATI:

Will the Minister of TOURISM be pleased to state:

- (a) whether the Government is aware that most of the ITDC hotels are running in loss;
- (b) if  so,  the  details  thereof  hotel-wise  during  each  of  the  last  three years, including current year;
- (c) whether the Government has decided to privatise the loss making hotels of the ITDC;
- (d)
- if so, the details thereof; and
- (e) the time by which the disinvestment of these hotels are expected to be completed?

## ANSWER

## MINISTER OF STATE FOR TOURISM (INDEPENDENT CHARGE)

(DR. MAHESH SHARMA)

- (a) & (b): Some  of  the  hotels  of  ITDC  are  running  into  losses.  The details of hotels, which are loss making, are given in Annexure.
- (c) to (e): The Government has decided to transfer the following ITDC hotels/properties to the concerned State Governments and transaction advisors have been appointed for the same:-
- (i) Hotel Lalitha Mahal Palace, Mysore to the State Government of Karnataka.
- (ii) Hotel  Jaipur  Ashok,  Jaipur  to  the  State  Government  of Rajasthan.
- (iii)   Hotel Lake View Ashok, Bhopal to the State Government of Madhya Pradesh.
- (iv) Hotel Brahmaputra Ashok, Guwahati to the State Government of Assam.

In association with the State Government of Odisha, the Government  has  decided  to  lease  out  or  sell  Hotel  Kalinga  Ashok, Bhubaneswar.

*********

## ANNEXURE

STATEMENT  IN  REPLY  TO  PARTS  (a)  AND  (b)  OF  LOK  SABHA UNSTARRED QUESTION NO.130 ANSWERED ON 18.07.2016 REGARDING PRIVATISATION OF ITDC HOTELS

## (Rs. in Lakhs)

| Sr. No.   | Name of the Hotel                    | 2013-14                     | 2013-14                     | 2014-15                     | 2014-15                     | 2015-16                     | 2015-16                     |
|-----------|--------------------------------------|-----------------------------|-----------------------------|-----------------------------|-----------------------------|-----------------------------|-----------------------------|
|           |                                      | Operating Profit            | Net Profit (PBT)            | Operating Profit            | Net Profit (PBT)            | Operating Profit            | Net Profit (PBT)            |
| ITDC      | Hotels                               |                             |                             |                             |                             |                             |                             |
| 1.        | Ashok Hotel, NewDelhi                | 744.23                      | -1363.48                    | 1927.36                     | 28.39                       | 1584.02                     | 940.03                      |
| 2.        | Hotel Jaipur Ashok, Jaipur           | -214.31                     | -267.50                     | -185.12                     | -239.48                     | -136.12                     | -157.69                     |
| 3.        | Hotel Jammu Ashok, Jammu             | -93.15                      | -131.39                     | -161.72                     | -201.79                     | -134.29                     | -158.61                     |
| 4.        | Hotel Kalinga Ashok, Bhubaneswar     | -276.68                     | -310.09                     | -265.85                     | -317.30                     | -156.78                     | -173.77                     |
| 5.        | Lalitha Mahal Palace Hotel, Mysore   | -26.93                      | -117.86                     | -68.02                      | -140.40                     | 47.21                       | 16.26                       |
| 6.        | Hotel Patliputra Ashok, Patna        | 180.00                      | 52.64                       | 30.50                       | -72.08                      | 288.60                      | 247.44                      |
|           | ITDC (Managed Hotel)                 |                             |                             |                             |                             |                             |                             |
| 7.        | Hotel Bhatarpur Ashok, Bharatpur     | -66.93                      | -69.90                      | -62.45                      | -65.00                      | -17.00                      | -22.09                      |
|           | ITDC (Joint Venture Hotels)          | ITDC (Joint Venture Hotels) | ITDC (Joint Venture Hotels) | ITDC (Joint Venture Hotels) | ITDC (Joint Venture Hotels) | ITDC (Joint Venture Hotels) | ITDC (Joint Venture Hotels) |
| 8.        | Hotel Lake View Ashok, Bhopal        | 88.74                       | 72.78                       | 61.24                       | 15.53                       | -15.30                      | -34.92                      |
| 9.        | Hotel Pondicherry Ashok, Pondicherry | -10.23                      | -23.36                      | -5.06                       | -46.95                      | 7.93                        | -21.17                      |
| 10.       | Hotel Brahamputra Ashok, Guwahati    | 50.94                       | 39.90                       | -109.65                     | -125.20                     | -109.81                     | -155.49                     |
| 11.       | Hotel Donyi Polo Ashok, Itanagar     | 39.21                       | 32.84                       | 8.07                        | -0.93                       | 16.95                       | 0.76                        |
| 12.       | Hotel Ranchi Ashok, Ranchi           | -90.15                      | -96.25                      | -99.87                      | -106.71                     | -148.65                     | -168.12                     |
| 13.       | Hotel Puri Ashok, Puri*              | -55.85                      | -58.62                      | -67.67                      | -69.94                      | -187.39                     | -197.42                     |

* Operationally closed *****