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LORDS HOTELS & RESORTS TO LAUNCH AN ICONIC LUXURY RESORT IN KATHMANDU, NEPAL

TO COMMENCE OPERATIONS BY YEAR‐END, THE 105 ROOM HOTEL PROPERTY TO BECOME ITS 27TH MID‐MARKET OFFERING Mumbai: India’s fastest growing hospitality chain in the mid‐market segment, Lords Hotels & Resorts has announced the signup of its fourth hotel property in Nepal. With 105 keys, the premium resort property will be inaugurated as Lords Resort – Budhanilkantha because of its proximity to the sacred temple. It is slated to commence operations by the end of 2017. This would become Lords Hotels & Resorts’ second hospitality offering in Kathmandu with Mirage Lords Inn being its first. Besides these two, the hotel chain has signed up two other hotel properties in Birjung and in Bhaktapur which too will shortly open to tourists. With four properties, Lords Hotels & Resorts will become the leading Indian hospitality brand in the paradise tourist destination of Nepal. Growing at an average rate of four hotels per year, Lords Hotels & Resorts has been aggressively expanding its footprints in the country and outside. The announcement of this launch has come within a month of the chain’s last hotel launch in Gir, Gujarat. “We are pleased to announce the launch of Lords Resorts – Budhanilkantha and are positive that this will become a landmark resort in Kathmandu. Built on a vantage point, it is away from the hustle bustle of the city. Access to the city, however, is unrestricted and convenient. Being located at the top of a hill, skirted by dense flora, every room will offer a magnificent view of the valley and its fauna. Besides offering an unparalleled location advantage, the resort will also cater to travellers across the spectrum from leisure to adventure and business to pilgrimage. We are thankful to the Chairperson of the hotel, Smt. Binita Thapa ji for associating with Lords Hotels & Resorts and entrusting us with running the business,” says Mr P R Bansal, Chairman & Managing Director, Lords Hotels & Resorts. The resort will offer tourists a retreat with an in‐house casino, spa & beauty salon, heated swimming pool, multi‐cuisine restaurant, open‐air grill and bar. Despite offering all conveniences, the resort is distinctly eco‐friendly with the architecture capturing natural light and wind so as to reduce its carbon footprint. The installed roof too is eco‐friendly and has been specially imported for the purpose of insulating the building from extreme weather conditions, eliminating the need for extensive HVAC arrangements.

“Lords Hotels & Resorts will maintain its true value offering by keeping the room tariffs competitive at this new resort despite it being an upscale property. Our existing hotel in Kathmandu ‐ Mirage Lords Inn is located in the city centre and is more suitable for business travellers or even for pilgrimage tourists because of its proximity to the airport as well as to many shrines that dot the region. However Lords Resort – Budhanilkantha will differ in a way that it will offer tourists a more relaxed atmosphere,” says Mr Rishi Puri, Vice President, Lords Hotels & Resorts. Promoted as true value Hotels, Inns and Resorts, Lords Hotels & Resorts offers luxurious accommodations and full‐service at friendly prices for the discerning business and leisure traveller and are branded as Lords Plaza, Lords Inn, Lords Eco Inn and Lords Resorts. “We also intend to capture a major share of the MICE‐W audience in the region with the launch of this property. Presently there are almost no facilities in the city for this audience set. The resort will offer this section of guests with world‐class facilities to conduct any business related events and galas. There is also a void of luxury venues for hosting weddings, which also would be fulfilled by Lords Resort – Budhanilkantha. We are positive the resort will emerge as Nepal’s most preferred stay option for tourists from across the world,” concludes Mr Puri. About Lords Hotels & Resorts:   Lords Hotels & Resorts is one of India’s fastest growing hospitality chain in the mid‐market segment. Since the company’s inception in 2007, it has grown to be a chain of twenty‐six hotels and resorts spread across seven states in India. A chain of distinguished and independently owned star‐rated Hotels, Inns and Resorts, Lords is promoted as true value properties offering luxurious accommodations and full services at friendly prices. For further information, please visit www.lordshotels.com

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