Kathmandu. Nabil Investment Banking and The Mashif Hotel Pvt. Ltd. (Royal Tulip Kathmandu) and Gwarko, Lalitpur have signed an agreement for the corporate consultancy services for the preparation of the public offering (IPO).

As per the agreement, Nabil Investment will be responsible for converting a private company into a public limited company, preparing for the IPO and providing coordination support. The agreement was signed by the chairman of The Massif Hotel Mr. Rajendra Shakya and Mr. Manish Narayan Joshi, CEO of Nabil Investment.

Royal Tulip, a French international chain brand, is a five-star hotel located in Gwarko, Lalitpur, Kathmandu. The hotel has 308 rooms and suites, and 10 small and large meeting halls. The rooms are furnished with modern amenities.

The hotel has state-of-the-art health club, spa and in-house restaurant. The hotel, which also has meeting halls for organizing various events, has given priority to customer satisfaction.

As per the agreement, Nabil Investment will assist in the preparation for the IPO issuance. Permission will be sought from the regulatory body for the public issuance once the preparations are completed.