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55413 17 Dec 2019

Nepal’s Billionaire Opens His First Luxury Hotel in Dubai

CG Corp Global brings bespoke hospitality address to the UAE

With footprints in 20 countries around the world, CG Corp Global is a multinational conglomerate, spanning four generations. The global conglomerate’s journey started in 1933 and is currently Nepal's first and only billion-dollar corporation listed by Forbes. CG Corp Global owns over 76 brands, managing 174 companies, and operates in sectors spanning from FMCG, education, biotech, electronics, banking, hydropower, telecommunication, construction, real estate development as well as hospitality. 

CG Hospitality's journey started in 2001, when Binod Chaudhary, Chairman of CG Corp Global, invested in Taj Samudra, Sri Lanka along with two Taj properties in the Maldives. Continuing his father’s entrepreneurial legacy, Rahul Chaudhary joined the already successful CG Corp Global in 2006 as Managing Director. Over the past thirteen years, the group’s hospitality portfolio has bloomed to its current monolithic growth by 4,300 per cent, with footprints in 11 countries. The group's fast-growing hotel and travel wing has a proud history of successful joint ventures with esteemed partners, including Taj, Jetwing and Radisson. Rahul Chaudhary manages and owns a portfolio of 130 hotels, 94 in operation, with the remainder expected to open within 2 years.

CG Corp Global has been in Dubai through its other business vertical for over 15 years, and the multinational is a major shareholder in the recently launched Taj Jumeirah Lake Towers. With this investment, CG Hospitality has established its HQ in Dubai to cover the Middle-East, Europe and Africa markets. Poised to be one of the most iconic hotels in CG Hospitality’s portfolio, the hotel will also be the first in the world where Nepal’s national flag will fly proudly, permanently. Taj JLT Dubai is a timeless combination of century-old legacy and luxury woven together with contemporary sensibilities and quintessential Indian heritage.

With Taj JLT Dubai, Rahul Chaudhary brings CG Hospitality’s distinguishing luxury and ethical benchmarks to the UAE, and the iconic hotel will set a new benchmark in ‘Business Luxury’ in the region’s hospitality sector.

 

About CG Hospitality:

CG Hospitality owns and operates 130 hotels and resorts with 6507 keys in 11 countries and 87 destinations. Focused on “Vision 2022”, its portfolio is expected to grow to over 200 hotels globally. CG Hospitality also has a proud history of successful joint ventures and investments with esteemed partners and brands such as Jetwing, The Farm, Radisson and so on.  CG Hospitality owns the global management company, CG Hotels and Resorts, which manages and owns a range of mid-scale to luxury hotels through its own brands namely “The Zinc” as well as “The Fern”, both through JV Company’s Concept Hospitality.

CG Hospitality continues to provide renowned hospitality services, which makes it one of the most diversified hospitality groups in the world. The portfolio consists of some of the most iconic properties and destinations — including Taj Exotica - Maldives, Jetwing Vil Uyana- Sigiriya, Sri Lanka, The Farm at San Benito, Philippines, Taj Safari Meghauli Serai – Chitwan, Nepal.