The India Tourism Development Corporation (ITDC) has signed a transfer agreement with Rajasthan government on December 9 to transfer Hotel Jaipur Ashok to the state government. As per the agreement, 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 Piyush Tiwari, Director – Commercial & Marketing, ITDC and Nihal Chand Goel, Additional Chief Secretary – Tourism, State government in the presence of Rashmi Verma, Secretary, Minister of Tourism, Govt of India; Ravneet Kaur, Chairperson and Managing Director (CMD), ITDC; Suman Billa, Joint Secretary, Ministry of Tourism, Govt of India and other dignitaries.
ITDC executed transfer documents for transferring the hotel 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, Ministry of Tourism and 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.