Siprabhya Hotels & Resorts Pvt. Ltd. (SHRPL), and its affiliates, own a 5.8 acre plot of land in Rabi Bhawan, Kathmandu, Nepal. In view of growing international tourist arrivals in Nepal and expected growth of the tourism sector, the company plans to build a World Class Luxury Hotel. SHRPL engaged Jones Lang LaSalle (JLL) India to conduct a market research and based on the positive feasibility study, SHRPL has signed and received the Department of Industries (DOI), Nepal, approval for a Hotel Management Agreement, License Agreement and Technical Services Agreement with OBEROI’S, an internationally renowned Luxury Hotel & Resort Operator for the development and management of the property

SHRPL and its affiliates also own nearly 95 acres of land adjacent to the Bardia National Park in Western Nepal and plans to develop a World Class Luxury Wildlife Resort at the site.