Question : SALE OF ITDC HOTELS

(a) the details of ITDC hotels which are making losses;

(b) whether the India Tourism Development Corporation has put up for sale of 17 properties, valued at around Rs. 1,100 crore, which the Government-owned hotel chain wants to sell to the private sector;

(c) if so, whether the Government have finalised this deal;

(d) if so, the details thereof;

(e) the authorities who have been given the possession of these hotels; and

(f) the actual amount likely to be earned by the Government after the sale of these hotels?

MINISTER OF STATE (INDEPENDENT CHARGE) OF THE DEPARTMENT OF DISINVESTMENT, MINISTER OF STATE IN THE MINISTRIES OF PLANNING, STATISTICS & PROGRAMME IMPLEMENTATION AND MINISTER OF STATE IN THE DEPARTMENT OF ADMINISTRATIVE REFORMS AND PUBLIC GRIEVANCES (SHRI ARUN SHOURIE)


(a) A statement indicating the details of loss making hotels under India Tourism Development Corporation Ltd. (ITDC) is given in the Annexure.


(b) Government has invited Expressions of Interest from bidders for sale of 14 hotels and lease-cum-management contract in respect of 3 hotels of ITDC. Asset valuation of the properties has not been completed.

(c) No, Sir.

(d) & (e) Do not arise in view of reply to (c) above.

(f) The realization from the proposed disinvestment would depend on various factors like market conditions, financial performance of the Company, terms and conditions of sale, interest of the prospective investors etc. As such, it is not possible to estimate the expected return from the disinvestment.

Annexure

Statement indicating the details of loss making hotels under ITDC referred to in reply to part (a) of the reply to Lok Sabha Unstarred Question No.6130 for 27.04.2001 regarding `Sale of ITDC Hotels`.

Loss figures (Rs. in lakhs)
Sl. No.	Name of the Hotel	1999-2000	2000-2001(Provisional)
1.	Ashok Hotel, New Delhi	1120.12	785.51

2.	Hotel Janpath, New Delhi	139.41	207.05

3.	Lodhi Hotel, New Delhi	128.28	187.97

4.	Hotel Ranjit, New Delhi	248.49	272.42

5.	Hotel Hassan Ashok, Hassan	34.76	70.50
6.	Hotel Jammu Ashok, Jammu	75.64	68.71

7	Hotel Aurangabad Ashok, Aurangabad	114.77	90.84

8.	Kovalam Ashok Beach Resort, Kovalam	126.24	152.80

9.	Hotel Khajuraho Ashok, Khajuraho	83.35	77.04
10.	Laxmi Vilas Palace Hotel, Udaipur	65.30	107.33
11.	Temple Bay Ashok Beach Resort, Mamallapuram	33.61	36.72
12.	Hotel Varanasi Ashok, Varanasi	161.20	150.34
13.	Hotel Airport Ashok, Kolkata	361.65	396.06
14.	Hotel Pataliputra Ashok, Patna	104.26	27.91
15.	Hotel Jaipur Ashok, Jaipur	193.22	210.26
16.	Hotel Kalinga Ashok, Bhubaneshwar	117.86	131.12
17.	Hotel Madurai Ashok, Madurai	67.74	75.36
18.	Hotel Kanishka, New Delhi	583.60	735.82
19.	Hotel Indraprastha, New Delhi	339.74	329.01
20.	Hotel Samrat, New Delhi	235.86	115.19
21.	Hotel Agra Ashok, Agra	146.48	139.71
22.	Hotel Bodhgaya Ashok, Bodhgaya	19.12	21.76
23. Hotel Manali Ashok, Manali	30.29	22.93