Project Category
Project Category
Civil, Construction
Project Description
Project Description
Zhiwa Ling Hotel ("the Hotel"), owned by Yangphel Private Ltd ("the Group"), is an existing locally owned and operated 45 room five star property located in Paro, Bhutan. The Hotel has been operational since 2005. The hotel has 40 rooms divided into 4 two floor cottages, 4 three floor cottages, a main building (having a basement, ground and first floor housing the reception, restaurant, kitchen, five suites, conference rooms and business center), spa/fitness center, meditation center and a tea house. The Group was incorporated in 2010 and has companies operating in the areas of adventure travel (mainly treks), archery (mainly assembly of bows and arrows), handicraft center (manufacturing fishing flies), wood works, luxury camps, bikes and accessories and real estate. The Group also has a stake in a private insurance company. Currently the hotel is one of the divisions/business verticals of the group, however, it will be incorporated as a separate legal entity.The proposed investment is a debt investment of $3.5 million in the hotel for ("the project"): Upgrading the existing rooms e.g. change of flooring, change of televisions and associated furniture, new lighting, new fixtures.Converting the existing conference rooms (in main block) to guest rooms (6-8 nos.)Constructing a new conference center, additional cottage building (with 6 rooms) and a heated swimming pool (solar heated).The construction for the project is expected to start in July 2015 and all activities are expected to be completed by July 2017.
Country
Country
Bhutan
Our Reference Number
Our Reference Number
2000318150516
 
Free TendersNew Member ? Register Here To Get Tender Alerts In Your Mailbox.
(*) Means the box must be filled in before sending
Valid E-mail*:   
*
Confirm E-mail*:   
Your Name*:   
Company Name*:   
Designation*:   
Company Address*:   
Country*:   
State*:   
Mobile No.*:   
Land Line No. :   
Skype ID:   
Official Website :   
Are You Interested In New Projects Information:   
How did you find us:   
Products / Service*
Product / service names should be comma separated maximum 150 Characters
I agree to receive tender alerts, newsletters, reminders from tendernews.com by email,phone,sms.
I agree to the terms & conditions and request for free Registration.