The Janpath Hotel, a facility run by public sector undertaking India Tourism Development Corporation (ITDC), is likely to be put on sale through auction.
“It (Janpath Hotel) may be put on sale. It would be through the auction mode,” a Tourism Ministry source said.
The Hotel is centrally located and is about 20 kms from the International Airport, two kms from New Delhi Railway Station, and one km from Connaught Place.
It is also among a few state-run hotels making a profit of 2-4 crore annually.
Meanwhile, the Government has also proposed to privatise eight loss-making hotels run by the Corporation, a PSU under the Tourism Ministry.
Currently, ITDC runs 16 hotels including 3 in Delhi and remaining in Jammu, Ranchi, Bhubaneswar, Puri, Patna, Bhopal, Bharatpur, Jaipur, Guwahati, Pondicherry, Mysore and Itanagar.
During NDA’s first stint in power between 1999 and 2004, the then Vajpayee government had divested 18 ITDC hotels, bringing down the number of state-run hotels from 34 to 16.
Besides, the network of hotels, ITDC also runs 11 transport units, nine duty-free shops at airports and seaports.