Mysuru: The iconic Lalitha Mahal Palace Hotel, hitherto run by the India Tourism Development Corporation (ITDC), is all set to be handed over to the Jungle Lodges and Resorts, a unit of the Karnataka State Tourism Development Corporation (KSTDC) before Mar.31 this year. This decision had been taken as per the disinvestment policy of the Government of India last year.
“The hotel is most likely to be transferred by Mar.31, once the transactional agreement that is pending is signed. The State Government has to pay nearly Rs.7.45 crore to ITDC and then the Jungle Lodges and Resorts will take over,” said a source in the Tourism Department.
