New Delhi, May 13 (DIN NEWS)<\/b>\u00a0The New Delhi Municipal Council (NDMC) has announced the e-auction of three of its premium hotels in Lutyen’s Delhi, including the five-star property Taj Mansingh, for a period of 33 years.<\/p>\n
The other two hotels are — The Connaught and Hotel Asian International.<\/p>\n
The civic body held a pre-bid meeting for the three properties last week and the submission period of bids is from May 15-June 7.<\/p>\n
“The auction of the three properties has been pending for quite a while. We have announced the launch of e-auction for all three of them and are inviting bids. The e-auction will be conducted through MSTC Ltd, a central PSU, and SBI Capital Market Limited will be the transaction advisor for the auction,” a senior NDMC official told PTI.<\/p>\n
Taj Mansingh was earlier given to Tata Groups Indian Hotels Company Ltd (IHCL) on a lease for 33 years, which ended in 2011. The company was since given nine temporary extensions.<\/p>\n
However, the civic body could not auction the property then as it was tied up in a legal battle with IHCL, which has been operating the hotel property since 1978.<\/p>\n
The NDMC had last year decided to auction Hotel Connaught and re-auction Asian Hotel, after they were sealed by it in 2015 due to non-payment of license fees dues.<\/p>\n
In January last year, the Asian Hotel was e-auctioned fetching Rs 45.5 lakh per month as licence fee, the highest-ever for the agency. But, the bidder later refused to take the property necessitating a re-auction.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
New Delhi, May 13 (DIN NEWS)\u00a0The New Delhi Municipal Council (NDMC) has announced the e-auction of three of its premium hotels in Lutyen’s Delhi, including the five-star property Taj Mansingh, for a period of 33 years. The other two hotels are — The Connaught and Hotel Asian International. The civic body held a pre-bid meeting for the three properties last week and the submission period of bids is from May 15-June 7. “The auction of the three properties has been pending for quite a while. We have announced the launch…<\/p>\n","protected":false},"author":1,"featured_media":10852,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,4],"tags":[],"_links":{"self":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/10851"}],"collection":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10851"}],"version-history":[{"count":1,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/10851\/revisions"}],"predecessor-version":[{"id":10853,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/10851\/revisions\/10853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/media\/10852"}],"wp:attachment":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}