Hotel Parkland Appoints Citizens Capital as Issue Manager for Upcoming IPO

Citizens Capital Limited has been appointed as the issue and sales manager for Hotel Parkland Limited’s forthcoming IPO, marking the hotel’s entry into Nepal’s capital market.

The agreement, signed in Kathmandu by Hotel Parkland Chairman Sharad Kumar Pandey and Citizens Capital CEO Sabir Bade Shrestha, will enable regulatory coordination and public share issuance once SEBON approval is granted.

Operating in Sauraha, Chitwan, for 18 years with 32 rooms, Hotel Parkland plans to expand to 44 kattha and 105 rooms, upgrading to a four-star property. The IPO offers a new investment opportunity in Nepal’s hospitality sector and is expected to boost tourism-led economic growth in Chitwan through job creation and improved services.