While there has been growth in the number of five-star hotel properties in the country over the years, very few of them are publicly listed companies. As of now, only four hotel companies are listed on Nepal Stock Exchange (Nepse). Now, one more hotel is planning to go public. City Hotels Limited which runs the five-star property Hyatt Place has received permission from the Securities Board of Nepal (Sebon) for the initial public offering (IPO). The board has permitted the company to issue 1.674 units of ordinary shares worth Rs 167.4m at a base price of Rs 100 per share. The company is issuing 10 percent shares of its issued capital of Rs 1.674bn to the general public. City Hotels, a Golyan Group company, developed and brought the 153-room Hyatt Place into operation in Kathmandu one and a half years ago. Once the company completes IPO issuance, City Hotels Limited will be the fifth hotel company to be listed on Nepse.

Till now, the hotel sector has been represented by four companies, namely Orients Hotel Ltd, Taragaon Regency Hotels Limited, Soaltee Hotel Limited, and Chandragiri Hills, in the domestic stock market. All four companies listed on the Nepse have posted net profits in the second quarter of FY 2022/23.

Soaltee Hotel Limited posted a profit of Rs 251.43m in the second quarter of this fiscal, according to the company’s statement. The company posted a profit of Rs 40m during the same period of FY 2021/22. Orients Hotel Ltd. which runs a five-star property Radisson has recorded a profit of Rs 36.57m in the second quarter of FY 2022/23, compared to a loss of Rs 80m in the same period of FY 2021/22. Taragaon Regency Hotels Limited, which operates the Hyatt Regency Hotel has posted a profit of Rs 106.16m in the second quarter of this fiscal compared to a loss of Rs 1.25m in the same period of the last fiscal. The Chandragiri Hills, which operates a cable car and a five-star luxury resort in Kathmandu, reported a net profit of Rs 51.48m in the second quarter of 2022/23. The company which is the new entrant in the Nepse posted a net loss of Rs 5.8m in the second quarter of 2021/22. Among these four companies, only Soaltee Hotel Limited has announced dividends to its shareholders. The company's 48th annual general meeting decided to distribute a 26.31 percent dividend from the last fiscal year's profit.