Lucknow is widely known for its breathtaking monuments and edifices which are a product of the city’s glorious past! As a part of ‘tourism renaissance plan’ of state government, at least four heritage sites of Lucknow may soon be developed into destination tourism hotspot.
In August this year, the department had unveiled the initiative under which heritage sites would be converted into five-star hotels. In line with that, the bidders are invited for the Heritage Property Restoration Initiative on October 4 by the Uttar Pradesh tourism department.
The Aim
The aim is to breathe new life into these historic properties and showcase the cultural heritage of UP to the world! By welcoming private partners and creating a win-win situation, these heritage sites would be restored to their former glory and tourism flourishes.
The plan includes creation of hotels and resorts, museums, shilpgram, exhibition centres, restaurants and banquets, cultural centres, wedding destinations and more. Of the nine heritage sites, at least four are in Lucknow including Chhatar Manzil, Kothi Gulistan-E-Eram, Kothi Darshan Vilas and Kothi Roshan-Ud-Daula.
The Bidding Parameters
The selection process will hinge on quality and cost based selection (QCBS) methodology. These properties will be offered on a long-term lease for 30 years, extendable twice for an additional 30-year period to a maximum of 90 years.
The bid parameter shall be the annual concession fee which the concessionaire will be responsible for paying. Besides, the minimum reserve price for annual concession fee has been kept at Rs 1 lakh.
Also, the bidder will be required to share 1% of the gross revenue from the property. A rigorous selection process will be employed, with 80% weightage given to the technical proposal and 20% to the financial one.
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