Chaudhary Group has broken ground on The Ritz-Carlton Kathmandu, a $100 million ultra-luxury development that marks the first entry of Marriott International’s flagship brand into Nepal and ranks among the largest single hospitality investments in the country’s history.
The luxury mixed use development will offer ultra exclusive hotel suites, branded residences and a casino.
The foundation stone was laid on Friday, March 27, in Thamel, Kathmandu’s central tourist district, on a nine-ropani (approximately 4,578 square metres) plot near Darbar Marg.
The project is being developed by CG Hospitality Global, the hospitality subsidiary of Chaudhary Group, alongside a consortium of local investors: Rabindra Bhakta Shrestha of IJ Group, Saurav Sharma of Sharma & Company, and entrepreneurs Amrit Shakya and Sanchit Shrestha.
The mixed use luxury development will comprise a 150-room ultra-luxury hotel, Ritz-Carlton branded residences, a commercial complex, and a casino.
Incredibly the developer claims that the projected room rates are expected to exceed $1,000 per night.
Completion is targeted for mid-2029, encompassing the main hotel tower, residences, ancillary facilities, and landscaping which will be built to The Ritz-Carlton’s brand international specifications.
Rahul Chaudhary, Managing Director and CEO of CG Hospitality Global, described the project as both a commercial and civic undertaking. “The launch of The Ritz-Carlton in Kathmandu underscores Chaudhary Group’s commitment to elevating Nepal’s tourism sector to a world-class standard. It reflects our confidence in the new government under Prime Minister Balen Shah and our ambition to contribute to job creation, high-quality tourism, and broader economic growth.”
The Kathmandu property will be its first in Nepal, extending Marriott International’s footprint into a market that has historically attracted adventure tourism but has lacked internationally branded ultra-luxury accommodation.
CG Hospitality Global currently manages a portfolio of more than 230 hotels and resorts across 130 destinations in 12 countries, with over 15,000 rooms. The Kathmandu project continues the group’s strategy of pairing international brand partnerships with investments in emerging markets.
Information remains limited and no official press release has come from The Ritz-Carlton or Marriott International at the time of publishing.
Original reporting and images by Tourism Info Nepal & Bizness News
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