Landmark tourism investment to align with PM Balen Shah’s Swearing in today

Kathmandu, Nepal – In a major development for Nepal’s tourism and hospitality sector, Chaudhary Group has partnered with Global Hotel Giant Marriott International to bring their iconic luxury brand, ‘The Ritz – Carlton to Nepal, marking the most significant high – end hospitality investments in the country. The Iconic Ritz-Carlton brand began in 1983 and is a part of Marriott International and operates in over 108 hotels and resorts across 30 countries and territories.

CG Hospitality Global, a subsidiary of Chaudhary Group, has partnered with Rabindra Shrestha (IJ Group), Saurav Sharma (Sharma & Co), Amrit Shakya and Sanchit Shrestha in this landmark investment..

The groundbreaking ceremony of The Ritz – Carlton Kathmandu was held on Friday, 27^th March 2026, in the heart of the capital’s tourism hub, Thamel. The project will feature 150 keys ultra luxury hotel and branded residences, commercial complex and casino.

This iconic project being developed on a 9-ropani prime site in Thamel near Durbar Marg, has an estimated development value of approximately NPR 1000 Crore and is targeted for completion by mid-2029. Once completed, the hotel is expected to command room rates exceeding US$1,000 per night, positioning Nepal as a high – end destination for discerning high – spending global travellers.

This is a symbolic move on part of CG Hospitality, and their partners demonstrating confidence in the private sector signaling future aspiration, growth and development under the new government led by PM Balen Shah. The project is being developed with a focus on generating additional employment, attracting investment and taking Nepal’s development to the next level.

According to Rahul Chaudhary, Managing Director & CEO of CG Hospitality Global, the entry of Ritz-Carlton reflects the group’s commitment to elevating Nepal’s tourism sector to a global level.

“Today’s initiative is not just about launching a project; it is an initiative of young minds, young entrepreneurs to bring world-class tourism to Nepal. It is also about expressing our strong support for the new government led by Prime Minister Balen Shah. Through this project, we aim to contribute to national goals of boosting employment, promoting high – end tourism and accelerating economic growth,” said Rahul Chaudhary.

CG Hospitality Global has been expanding its global footprint in partnership with major international hotel brands. Today, CG Hospitality’s portfolio boasts over 230 Hotels & Resorts in 12 countries and 130 destinations with over 15,000 keys.haudhary

Chaudhary Group is Nepal’s largest business house, the biggest taxpayer, and the leading employment generator. The group’s revenue contribution is almost two percent of the government’s annual revenue collection. In the fiscal year 2081-82, Chaudhary Group contributed Rs 25.59 billion to the government treasury. Over the last five years, the group has contributed a total of Rs 92.26 billion in revenue to the government.