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Radhe Shyam Saraf, a leading hotelier of Nepal, no more

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Radhe Shyam Saraf, a leading hotelier of Nepal, no more
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March 24: Radhe Shyam Saraf, one of the leading hoteliers of Nepal, pass away on Tuesday in course of treatment in India. He was 92. He was one of the leading entrepreneurs to open 5-star hotels in Nepal.

Saraf introduced the international chain brand Hyatt Regency Hotel located at Boudha.

Saraf is also credited for establishing Hotel Yak & Yeti, another 5-star hotel, in Nepal in the 1970s. The hotel came into operation after Hotel Annapurna and Soltee Hotel.

Saraf came to Nepal six decades ago and started business of sewing seat covers. In the course of business expansion, he introduced the Hyatt brand in 2000, which is run on land owned by the Taragaon Development Committee. The Saraf family is the main investor of the hotel.

Saraf's body was cremated at Pashupatinath Aryaghat in Kathmandu on Wednesday. His body was brought to Kathmandu via a chartered plane on Tuesday night as per his wish.

Saraf had been staying at the Yak & Yeti's Red House. He was awarded the “Gorkha Dakshinbahu” medal by the then King Birendra Shah in recognition of his contribution to Nepal's hotel industry. Along with Yak & Yeti and Hotel Hyatt, the Saraf family has also invested in the hydropower sector of Nepal. Similarly, the family also runs the Modern Indian School at Chobhar, Kathmandu.

Senior Vice President of Hotel Association Nepal (HAN) Binayak Shah remembers Saraf as a “pioneer” in the hotel sector. He says, he was the one to start “well-equipped star hotels” in Nepal.

 

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