New Delhi: The Central Government is engaged in the disinvestment of the historic five-star Ashoka Hotel. According to information received from the sources, the Government has moved towards the monetization of Hotel Ashoka and Hotel Samrat of Delhi Tourism Development Corporation of India (ITDC). According to sources, the government may also appoint an advisor soon for the monetization of Hotel Samrat and Hotel Ashoka.

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The inter-ministerial group has been formed for monetization of these hotels. The advisor will suggest various options for monetization of the hotel. There is also an option to sell Hotel Ashoka completely or lease it for a longer period. Hotel Ashoka's 550 Room 4 Convention Hall is spread over 25 acres in the prime location of Delhi. If leased, then there is an option to lease this hotel for at least 60 years. The advisor will have to give his recommendation to the government within a month. The government will take the final decision only on the basis of the advisor's recommendation.

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The hotel was built by the country's first Prime Minister Jawaharlal Nehru in the year 1956. The hotel is near Parliament and Rashtrapati Bhavan. It has 550 rooms and 161 suites. The hotel employs about 1000 employees, which costs around Rs 35 lakhs for its daily operations. Only 50 percent of the rooms are booked here. However, in winter this figure rises to about 80 percent.

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