Kathmandu: Nigalo Boutique Hotel, which is preparing to launch an initial public offering (IPO), is set to begin operations from April with an initial 15-room rollout in the scenic hill town of Nagarkot. The company, established in 2018, was converted into a public limited company in January 2026 as part of its broader expansion and capital-raising plans.
The hotel is being developed as a four-star property spread across 80,000 square feet and will ultimately feature 68 rooms once fully completed. According to the company, the total project cost stands at Rs 1.368 billion. Sudhir Khanal holds a 30 percent ownership stake in the venture.
The investment structure has been arranged in a 65:35 debt-to-equity ratio. Construction is currently about 95 percent complete. As some sections of the property have already been finalized, the company plans to start operations in phases, initially opening 15 rooms before gradually bringing the remaining facilities into service.
The company, chaired by Tikaraj Baral, has secured a credit rating covering Rs 901 million in both long-term and short-term borrowings. Of this, Rs 885 million relates to long-term loans and Rs 16 million to short-term credit facilities. The phased opening comes as the company positions itself for its upcoming IPO and entry into Nepal’s growing hospitality market.
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