Shanker Group has refuted reports that Jaybir Deuba has purchased the Hilton Hotel located in Naxal, Kathmandu.
The hotel issued a statement clarifying that its original founders remain unchanged.
"We have not brought in any new investors at this time," said Shahil Agrawal, the hotel’s managing director.
The denial comes after some media outlets reported that Jaybir Deuba had bought shares of the hotel.
Jaybir is the only child of Nepali Congress President Sher Bahadur Deuba and Congress central committee member and Foreign Minister Arzu Rana Deuba.
Agrawal also said that the hotel is preparing to issue an IPO.
Shanker Group and Jagdamba Hospitality Group issued a statement clarifying that there is no truth to the claim that Jaybir has bought the Hilton Hotel.
The hotel further noted that it will pursue legal action under prevailing laws against such misinformation.
Operational since July 2024, the hotel recently converted into a public company to issue shares to the public.
Spread over 10 ropanis of land, the hotel’s building is 17 stories tall.
