ITPO to develop 5-star hotel at Pragati Maidan

Following the recent completion of the G20 Summit at the newly developed Pragati Maidan, the India Trade Promotion Organisation (ITPO), which oversees the complex, is looking to develop a five-star hotel within the 123-acre complex, senior officials aware of the project said on Tuesday.

- Paras Singh

ITPO will float requests for proposals (RFPs) for the project to rope in private companies from the hospitality industry to develop the hotel, which will be a private sector enterprise ITPO will monetise the land, while the developer would be able to run the facility for a lease period of 99 years.

The initial redevelopment plan for Pragati Maidan in 2019 envisaged a state-of-the-art private hotel, built over a 3.7-acre site at the complex, but the idea failed to materialise following the onset of Covid-19 pandemic in 2020, officials said.

A senior ITPO official said a hotel within the Pragati Maidan complex will help minimise traffic disruptions and logistic challenges faced during largescale events such as the G20 Summit in the future.