Hotel Operator to Operate and Maintain the Lalitha Mahal Palace Hotel

The Bidder should have at least 4 (four) operational hotel / resort properties in India/abroad with a 5-Star classification.

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

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 2018-19, FY 2019-20, FY 2020-21, FY 2021-22 and FY 2022-23

The Bidder should have a minimum Net Worth of INR 100 Crore (Rupees One Hundred Crore) as per the audited accounts for the Financial Year 2022-23

The Bidder should have made a Net Profit for the financial years FY 2019-20, FY 2021-22, and FY 2022-23

Power of Attorney for Authorized Signatory. The Bidder must submit a duly executed Power of Attorney in favour of the Authorized Signatory of the Bidder or a Copy of Board Resolution duly authorizing the Authorized Signatory for signing this bid.