Hotel Operator to Operate and Maintain the Lalitha Mahal Palace Hotel

The Bidder should have been in operation in the field of hospitality/hotel management* for a minimum of 10 years as of the date of Notice Inviting Tender (NIT). The applicable hotel / resort properties should be either owned by the Bidder or operated on lease / concession / management contract basis by the Bidder

Experience with Operation of Hotel / Resort Properties:

Experience with Operation of Heritage Hotel / Resort Properties.

The Bidder should be a company incorporated in India under The Indian Companies Act, 1956/2013 or a registered Partnership Firm under The Indian Partnership Act 1932 or Limited Liability Partnership Act 2008, with a registered office and operations in India.

The Bidder should have a minimum average annual turnover of at least INR 100 Crore (Rupees One Hundred Crore) from the hotel / hospitality business in the financial years FY 2019-20, FY 2020-21, FY 2021-22, FY 2022-23 and FY 2023-24

The Bidder should have made a Net Profit for the financial years FY 2021-22, FY 2022-23, and FY 2023-24

The Bidder should not have been blacklisted or barred by any Central or State Government or Public Sector Undertaking and should not be involved in any major litigation that may affect or compromise the delivery of service required.