Hotel giants battle in Patna

Buddha Smriti Park Patna © Rahul Kashyap / Unsplash
JW Marriott, Hyatt, and ITC are vying to transform Patna’s iconic Hotel Patliputra Ashoka into a luxury 5-star destination

A landmark transformation is set to redefine luxury hospitality in Patna as the iconic Hotel Patliputra Ashoka is positioned for redevelopment into a state-of-the-art 5-star property. Leading international hotel chains—JW Marriott, Hyatt Regency, and ITC Hotels—are currently vying for the opportunity to operate the new facility.

International brands vie for premier Patna location

The Bihar State Tourism Development Corporation (BSTDC) has awarded the leasehold rights of the 1.5-acre site on Beerchand Patel Path to Kumar Infratrade Enterprises Pvt Ltd for 60 years, with a possible 30-year extension. The new operator will be selected within 150 days of the Letter of Award, requiring the developer to sign an operations and maintenance agreement with a reputed brand before finalizing the concession agreement.

The project will involve demolishing the current Hotel Patliputra Ashoka and constructing a modern hotel with a minimum of 100 rooms. Financial commitments include an annual lease premium of ₹7.57 crore—rising by 10% every five years—and a minimum valuation reserve of ₹28.5 crore to be paid over 11 years with 9.5% interest on outstanding amounts.

Boosting Bihar’s hospitality landscape

Once complete, the hotel is expected to enhance Patna’s appeal as a premium travel destination, representing a major milestone in Bihar’s tourism infrastructure development.

The new 5-star property promises to blend global standards with local heritage, welcoming in a new era of hospitality for the region.

Spring Hotels makes transformational acquisition

Spring Hotels of Tenerife has acquired a three hotel development on the island, doubling the scale of its business...

Hotel stocks rise—is recovery here to stay?

Hotel stocks posted back-to-back gains in June, driven by improving investor sentiment and macroeconomic stability...

IHCL to invest $1 billion, double hotel portfolio by 2030

Indian Hotels Company Limited is set to invest nearly Rs 6,000 crore ($1 billion) over the next five years to expand its portfolio to 700 hotels and 70,000 rooms...