Nigalo Hotel Plans Public Share Issue, Sets Sight on Heritage Hospitality Expansion

Nigalo Hotel Limited has appointed Muktinath Capital Limited as the sales manager to issue 1,875,000 ordinary shares, equivalent to 25% of its authorized capital, to the public. The four-star hotel in Nagarkot blends traditional heritage architecture with modern amenities, offering 68 premium rooms, banquet halls, restaurants, a spa, gym, swimming pool, coffee shop, music club, and plans for a future casino.

With panoramic views of the Himalayas and Kathmandu Valley, the project aims to promote tourism, generate employment, and contribute to the local economy. The hotel, backed by experienced professionals in tourism, banking, education, and hydropower, is set to open within four months, with long-term plans to expand services to Pokhara, Kathmandu, and Chitwan.