NE Group

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R&R Heritage Pvt Ltd buys majority stake in Summit Hotels

R&R Heritage Pvt ltd, an investment vehicle of N.E. Group and CG group, acquires a 60% stake in Summit Hotels.

The Summit hotetel is a very special Nepali style hotel with western comfort established in 1978 by a group of Dutchmen who had great affinity for the country. Open balconies with hand-made tiles floors and carved wooden pillars connect to the rooms.

Summit hotel presently offers 73 rooms and employs around 150 employees. Company is expanding and developing Summit Hotel as Heritage hotel with construction of new building.