Market Chatter: Marriott International Targets Opening Ritz-Carlton, Westin Hotels in Kathmandu, Nepal by 2031

MT Newswires Live07-22 17:52

Marriott International (MAR) targets to open its high-end Ritz-Carlton and Westin hotels in Kathmandu, Nepal by 2031, Nikkei Asia reported Wednesday.

The company signed the deals for the hotels with CG Hospitality in May, during Marriott International Chairman David Marriott's visit to the country, the news outlet said. Each hotel will house 150 rooms, the report added, without disclosing financial details.

Marriott International did not immediately respond to MT Newswires' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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