Question : Disinvestment of Hotels

(a) the details of the Government owned hotels which have been privatized/disinvested during the last three years and the current year;
(b) the revenue earned by the Government therefrom hotel-wise; 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 given by the minister

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.

(b): The revenue earned by the Government/ITDC therefrom hotel-wise is as given below:
<pre>
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
</pre>
(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.

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