NMB Bank - lead financer of Marriot Deluxe Five Star Hotel; Hotel to come into operation by mid 2018

NMB Bank Limited successfully accomplished financial closure of Marriott Deluxe Five Star Hotel located at Nag Pokhari, Kathmandu under its lead along with the participation of Prabhu Bank Limited and Nepal Bangladesh Bank Limited. The project is being constructed at the total cost of Nepalese Rupees 4 billion and the consortium banks have provided total financial commitment of Nepalese Rupees 3.2 billion to fund the project. The hotel shall be one of its kind in Nepal with a capacity of 230 rooms and other facilities such as Swimming pool, Casino, Mini Golf, Conference Hall, Banquet Hall, Health club, Spa spread over 12 ropanies of land at the heart of the city. The hotel is expected to come into operation by mid 2018 and will be operated under the franchise of 'Marriott'- a US based chain of international hotels.