India Tourism Development Corporation Ltd. (ITDC) the public sector undertaking under the aegis of Ministry of Tourism, Govt of India signed the Transfer Agreement with Rajasthan government on Saturday 9th December 2017 to transfer Hotel Jaipur Ashok to the state government. With the signing of agreement at Paryatan Bhawan, the Hotel Jaipur Ashok located at Collectorate Circle would now be operated and managed by the Rajasthan State Hotel Corporation Ltd, with new identity ‘Hotel Jaipur’.
The Agreement was signed by Mr. Piyush Tiwari, Director, (Commercial & Marketing), ITDC and Mr. Nihal Chand Goel, Additional Chief Secretary (Tourism), State government in presence of Ms. Rashmi Verma, Secretary, Minister of Tourism, Govt of India; Ms. Ravneet Kaur, Chairperson and Managing Director (CMD), ITDC; Mr. Suman Billa, Joint Secretary, Ministry Of Tourism, Govt of India and other dignitaries from state government.
The Indian Tourism Development Corporation (ITDC) executed transfer documents for transferring Hotel Jaipur Ashok to the Rajasthan government at a negotiated price of Rs 14 crore. Earlier on September 5, a tripartite memorandum of understanding (MoU) was executed among ITDC, the Ministry of Tourism and the Government of Rajasthan for transfer of Hotel Jaipur Ashok to the state government at a “negotiated value of Rs 14 crore without any liabilities and encumbrances”.