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ITDC indentifies Itanagar hotel for disinvestment

 NEW DELHI, Feb 14 - The Centre has identified five ITDC-run hotels, including Hotel Donyi Polo Ashok in Arunachal Pradesh for privatisation as part of its plan to disinvest eight such loss-making properties.

“Tourism Secretary Vinod Zutshi held a review meeting recently in which it was discussed that five properties will now be taken up for disinvestment,” India Tourism Development Corporation (ITDC) said in a regulatory filing on Friday.

Besides Hotel Janpath, other properties in which the stake will be offloaded are – Hotel Patliputra Ashok; Hotel Bharatpur Ashok and property at Kosi and Hotel Pondicherry Ashok.

Hotel Donyi Polo Ashok and Hotel Pondicherry Ashok are properties of ITDC’s joint venture subsidiary companies.

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

During NDA’s first stint between 1999 and 2004, the then Atal Bihari Vajpayee Government had divested 18 ITDC hotels bringing down the number of State-run hotels from 34 to 16. – PTI

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