Siddhartha hospitality celebrates 27 years with ambitious vision 2030 to expand services globally

KATHMANDU: Siddhartha Hospitality, a trailblazer in Nepal’s hospitality industry, is celebrating its 27th anniversary with bold plans for the future. Founded in 1998 as a modest hotel in Tikapur, Kailali, the company has grown into a nationwide brand synonymous with quality and innovation in the hospitality sector.

During a celebratory event marking the milestone, Krishna Neupane , CEO of Siddhartha Group, unveiled the company’s ambitious Vision 2030 plan. This roadmap includes operating at least 58 outlets across Nepal and internationally by the end of the decade. “We are preparing to expand our footprint in various parts of Nepal and India, with plans to enter other international markets thereafter,” Neupane announced.

A Legacy of Excellence

Over the past year, Siddhartha Hospitality has solidified its reputation as a leader in the hospitality industry, earning numerous accolades. Notably:

Siddhartha Riverside Resort in Chumlingtar along the Prithvi Highway was honored with the South Asian Travel Award (SATA) for Best Riverside Resort.

The Siddhartha Boutique Hotel in Bouddha received the award for Best Boutique Hotel.
The Siddhartha Resort in Surkhet was recognized by the Karnali Province government for its Best HR Practices .
Several other outlets were celebrated with Traveler’s Choice Awards for their exceptional service.

Innovative Initiatives and Community Engagement

Siddhartha Hospitality has also launched groundbreaking initiatives to support education and local communities. In collaboration with Lumbini University , the company is providing hands-on training opportunities for hospitality students, bridging the gap between academic learning and practical experience. Additionally, through its Surkhet hotel, Siddhartha is promoting organic food produced in the Karnali region, contributing to sustainable agriculture and local economic growth.

To mark its 27th anniversary, the company organized several corporate social responsibility (CSR) programs focused on health, cleanliness, environmental sustainability, and social welfare. These initiatives reflect Siddhartha’s commitment to giving back to the communities it serves.

Plans for International Expansion

As part of its growth strategy, Siddhartha Hospitality is set to expand its operations beyond Nepal’s borders. The company is already making strides in India , with plans to open hotels in key locations. Additionally, Siddhartha is progressing with the construction of a five-star hotel in Dhangadhi , further cementing its presence in domestic markets.

The company has also launched the Siddhartha Cottage in Butwal’s Yogikutti , featuring a water park and one of the region’s finest conference halls. While the restaurant is already operational, the remaining facilities are expected to be completed by June next year. Another Siddhartha Cottage is under construction in Dhangadhi, offering guests a serene environment with modern amenities such as a restaurant, water park, and conference hall.

Siddhartha is also planning to build a luxury resort in Ilam , a popular tourist destination known for its scenic tea gardens. The resort will offer organic farm-to-table meals, wellness programs, and immersive cultural experiences, appealing to both domestic and international travelers.

Diverse Portfolio Across Nepal

Currently, Siddhartha Hospitality operates a wide range of properties catering to different market segments:

Five-star brands : Siddhartha Vilasa in Bhairahawa and Chitwan’s luxury Siddhartha Vilasa Banbas.
Four-star brands : Siddhartha Vaibhav hotels in Nepalgunj, Kathmandu, Surkhet, and Chandrauta.
Three-star brands : Siddhartha Batika hotels in Mahendranagar, Kailali, Nuwakot, Biratnagar, Chitwan, and Tanahu.
Cottages : Siddhartha Cottages in Butwal, Yogikutti, Nepalgunj, Kathmandu (Dhovighat, Old Baneshwor, and Tin-Kune).
Cafes : Siddhartha operates several cafes under the brand “S Cafe” in locations such as Nepalgunj, Kathmandu (TinKune, Lagankhel), Manmohan Cardio Center, and Trivhuwan University Teaching Hospital in Maharajgunj.
Recently, the company has begun preparations to launch a new line of hotels under the brand “S Hotels” , further diversifying its portfolio.

IPO Launch Plans

Siddhartha International Hotel Limited, part of the Siddhartha Hospitality Group, is gearing up to launch its Initial Public Offering (IPO) . The company, which operates the four-star Siddhartha Boutique Hotel in Bouddha and the five-star Siddhartha Vilasa in Bhairahawa, plans to offer 10% of its shares to the public as part of the IPO. This move is expected to strengthen the company’s financial standing and pave the way for further expansion.

Employment and Economic Impact

With over 2,500 direct employees across its various outlets, Siddhartha Hospitality is one of the largest employers in Nepal’s hospitality sector. The company’s growth trajectory not only boosts tourism but also creates significant employment opportunities, contributing to the nation’s economy.