Kathmandu. KATHMANDU: Marriott Hotel based in Naxal, Kathmandu has reduced its debt. The hotel has taken a loan of Rs 1.43 billion in 2025. The hotel had rated a loan of Rs 1.74 billion in the previous year.

Care Ratings has continued the hotel’s previous rating. The company has secured ‘Triple B Plus’ rating for long-term loan of Rs 1.33 billion and ‘A2’ rating for short term loan of Rs 100 million.

The total loan limit has decreased due to the repayment of loans by the hotels. Due to the GenG agitation on September 23 and 24, Marriott’s business has declined along with the occupancy of the Marriott Hotel. The business of this hotel has decreased by Rs 17.30 crore in the first six months.

Everest Hospitality and Hotel, a Marriott brand, has earned a business of Rs 1.62 billion in the first six months of the current fiscal year. In 2024, its business was Rs 1.79 billion.

After the Genji movement, the occupancy rate of this hotel has declined. Due to which the business of this hotel has decreased. In 2024, the average per room was Rs 19,699, which has come down to Rs 18,153 in 2025.

Similarly, it has come down to 61 percent from 67 percent last year. At the same time, the operating profit was 34. From 39 percent to 32 percent. It has been reduced to 22 percent.

Established in 2013, the company was converted into a public limited company in 2022. 1. Spread over 35 hectares of land, the hotel has 214 rooms.

The hotel is headed by Samit Kumar Agrawal and Managing Director is Gaurav Agrawal. Gaurav looks after all the hotels under MS Group.