Himachal Pradesh secures record revenue from Wildflower Hall auction

The Himachal Pradesh government has successfully completed a competitive e-auction for the operation and management rights of the Wildflower Hall luxury hotel in Shimla. The auction resulted in a record bid of 47.1 percent of the annual gross revenue.

The Oberoi Group, through East India Hotels Limited, has been awarded the 35-year lease for the 123-year-old heritage property. Under the agreement, the state government expects to receive approximately 3 crore rupees in monthly revenue, with a 3 percent annual increase, totaling an estimated 2,000 crore rupees over the license period.

Additional financial terms include an upfront license fee of 24 crore rupees, a commitment of at least 50 crore rupees in property investment, and approximately 400 crore rupees in cash. Chief Minister Sukhvinder Singh Sukhu stated that the government has ensured full ownership and control over the hotel land, property, and associated assets.