Hyatt Regency Kathmandu to Halt Operations for Reconstruction
Kathmandu – The five-star Taragaon Regency Hotels Limited, operator of Hyatt Regency Kathmandu, announced that the hotel will resume operations after undergoing full reconstruction. The property suffered extensive damage during the recent Gen Z Movement protests.
In a press statement issued on Sunday, Executive Director Suresh Lal Shrestha expressed gratitude to Prime Minister Sushila Karki and Finance Minister Rameshwar Prasad Khanal for assuring government support in the hotel’s restoration efforts.
The statement said that a detailed assessment of the damages from the September 8–9 protests is underway. The management has pledged to rebuild the property and relaunch it with upgraded facilities, reaffirming its commitment to uphold Nepal’s reputation as a premier tourism destination.
“During the protests, acts of vandalism, looting, and arson caused extensive damage to guest rooms, offices, the reception area, lobby, restaurants, banquet halls, and even the iconic stupa within the hotel premises,” the statement read. “The hotel has remained fully closed since then. Following a complete assessment, we will proceed with renovation and reconstruction to reopen with enhanced and expanded services as soon as possible.”
The hotel estimated that at least one year will be required to complete the upgrading and reconstruction process.
Reaffirming its long-term commitment to Nepal’s tourism and economy, Hyatt Regency Kathmandu said it aims to contribute further to national revenue growth and economic development once operations resume.
“The hotel has witnessed Nepal’s political and social transformations over the past two and a half decades,” the statement continued. “We have endured through the armed conflict, peace process, constitution drafting, the 2015 earthquake, and the COVID-19 pandemic, providing employment to thousands and contributing significantly to the nation’s tourism and economy.”
Hyatt Regency Kathmandu has been repeatedly recognized by the government for its contributions to the tourism sector. It has been honored seven times as Nepal’s highest income tax-paying hotel and twice as the largest foreign currency earner in the tourism industry.
