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.

Please note: Information regarding project details—including but not limited to opening dates, room counts, and branding—for hotels under development can change as projects progress. The information in this article reflects the most accurate details available at the time of writing and may not be updated afterward.

Kaya Hotels Buys in Barcelona

Turkish hotel group Kaya has added a second international hotel to its portfolio, buying an asset in Barcelona...

Room Mate Sells in Madrid

A Room Mate hotel in central Madrid has changed hands, as investors vy for the best assets in this destination city...

Andaz Amsterdam Sells

Asian investors have snapped up the Andaz hotel in Amsterdam, aware that hotels in the city's canal district are hard to come by...