KATHMANDU, JANUARY 13
Varnabas Museum Hotel, a five-star luxury boutique property celebrating Nepal's rich diversity of four castes and thirty-six ethnic groups, has announced its plan to launch an Initial Public Offering (IPO). This step follows the approval of a special proposal at the company's first annual general meeting.
Unlike resorts built on leased land, this project owns premium real estate in the heart of Kathmandu and adheres to strict environmental regulations, including a 5.5 to 6.75-meter riverbank setback, according to Rajendra Bajgain, Chairperson of Varnabas Museum Hotel. The hotel also rebuilt local schools during construction, demonstrating its community commitment, Bajgain added.
With unique features such as the South Col Bar, Khumbu Valley event space, and Gokyo Lake swimming pool, the hotel integrates Nepal's heritage into its design, categorizing floors by geographical regions (Himal, Pahad, and Terai) and naming rooms after villages. Regular climate dialogue programs reflect its dedication to sustainability, Bajgain further added.
This IPO offers a rare investment opportunity in tangible assets, combining cultural preservation with luxury, stated Bajgain while highlighting on long-term value creation over speculative gains, echoing lessons from Apple's strategic growth and VinFast's speculative surge. Bajgain urges the investors to prioritize robust fundamentals over short-term market trends for sustainable economic impact. Varnabas Museum Hotel's IPO marks a milestone in responsible tourism and cultural investment.