Of this, ₹820 crore has been earmarked for The Ashok Hotel and ₹380 crore for Hotel Samrat.
Year-wise targets indicate that the award for The Ashok redevelopment is planned in FY27, while the Hotel Samrat project is expected to be awarded in FY30, suggesting a phased rollout within the five-year NMP 2.0 window.
Given its larger scale, the government has said that The Ashok project would be taken up in the initial phase of the tourism monetisation programme, with Hotel Samrat positioned towards the latter part of the cycle.
The redevelopment will cover infrastructure upgradation as well as operations and management of the properties.
Monetisation will be undertaken primarily through the public-private partnership (PPP) route under the Operations, Management and Development Agreement (OMDA) model, with private players investing in modernisation and taking on operational responsibilities.
The Ashok Hotel is a five-star deluxe property located in the Diplomatic Enclave of Chanakyapuri, New Delhi. It is owned and operated by the India Tourism Development Corporation (ITDC), a central public sector undertaking under the Ministry of Tourism.
Built in 1956 to host foreign dignitaries and major international events, the hotel occupies a prime site near several foreign missions and key government residences.
Hotel Samrat, also managed by ITDC, is located in central New Delhi.
Unlike The Ashok, which has seen multiple attempts at long-term leasing or privatisation, Samrat has largely remained under government control owing to its proximity to sensitive establishments.
ITDC, established in 1966, owns and operates both hotels as part of its broader hospitality portfolio across India.
The redevelopment forms part of the broader NMP 2.0 framework, under which the government plans to monetise ₹16.72 trillion worth of public assets between FY26 and FY30 to recycle capital into new infrastructure creation.
