Kathmandu will soon have a new five-star hotel, the Sheraton Kathmandu Hotel. The ground-breaking ceremony for the Rs 8 billion, 17-storey luxury property, located in the heart of the city’s posh district, is slated to be held on Saturday. The promoter MIT Group Holdings Nepal, a member of the Ghale group of companies which has diverse operations in Australia and other countries, said that Prime Minister Sushil Koirala was scheduled to lay the foundation stone of the project. The Sheraton Kathmandu Hotel will be located on Kantipath adjacent to the office of Keshar Library, opposite the west gate of the Narayanhiti Palace Museum. The hotel, which is due to open in February 2018, will be spread over 14 ropanis of land.
