New Delhi: After an unsuccessful first attempt at auctioning the iconic Taj Mahal Hotel on Mansingh Road in central Delhi, better known as the Taj Mansingh hotel, the New Delhi Municipal Council (NDMC) has decided to conduct a fresh bid for the property on July 18.
The much-delayed auction, which was to be held this month, was cancelled since only Tata Group's Indian Hotels Company Limited (IHCL) - the existing operator - bid for retaining the property. The bid of the only other participant, ITC, was not accepted on technical grounds.
"Less than three bids were received for the property and as per norms three technically qualified bidders are required for the e-auction process to the second stage. Hence, the auction process stands annulled," the notice read.
The hotel was open for site visits by prospective bidders between June 16 and 22. The NDMC will conduct a pre-bid meeting tomorrow and the last date for submission of bids is July 9.
The Tata group had acquired three-star hotel "The Connaught" in an auction this week. The civic body also auctioned Hotel Asian International this week which was acquired by Bloom Hospitality Group.
In January last year, the Asian Hotel was e-auctioned fetching Rs 45.5 lakh per month as licence fee, the highest-ever for the agency. But the bidder later refused to take the property necessitating a re-auction.
The much-delayed auction, which was to be held this month, was cancelled since only Tata Group's Indian Hotels Company Limited (IHCL) - the existing operator - bid for retaining the property. The bid of the only other participant, ITC, was not accepted on technical grounds.
"Less than three bids were received for the property and as per norms three technically qualified bidders are required for the e-auction process to the second stage. Hence, the auction process stands annulled," the notice read.
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The hotel was open for site visits by prospective bidders between June 16 and 22. The NDMC will conduct a pre-bid meeting tomorrow and the last date for submission of bids is July 9.
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The Tata group had acquired three-star hotel "The Connaught" in an auction this week. The civic body also auctioned Hotel Asian International this week which was acquired by Bloom Hospitality Group.
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In January last year, the Asian Hotel was e-auctioned fetching Rs 45.5 lakh per month as licence fee, the highest-ever for the agency. But the bidder later refused to take the property necessitating a re-auction.
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