![]() We believe in either offering the best of the world or not offering that facility at all”. He says, “bartenders from across the country were willing to work with us, but we just chose the best 6-7 of them. Piyush Nahata, Marketing and Programming manager at Pangaea sounds upbeat. People are coming to get a feel of place but are they spending is another question. For such an opulent night club, the current average cost per person is hardly an indication of its potential. It boasts of music system that by itself cost over whopping Rs2 crore, and sofas and tables that have been made in such a way that allows a person to dance on them without tripping, even for ladies with high heels. Pangaea is a place not many Delhites would have experienced so far. This place is obviously not meant for everyone. ![]() The most expensive scotch in Panagea’s collection is John Walker that costs Rs16Lakh a bottle or Rs64000 plus taxes every small peg. Slated to be the most expensive in Delhi with Rs4L cover charge (for table of 10pax that comes with a personal steward and guards), to Rs1500 as an entry charge where one would have to spend the entire evening standing, it did make heads turn. A famous chain all over the world (London, Miami, Aspen, Los Angeles, Brazil, Spain, Austin, Texas and Singapore) by its founder Michael Ault, it is bought in India in partnership with Spice Group’s owner, BK Modi. Sources said that the cabinet note is being prepared in consultation with the Prime Minister’s Office and the sale will be completed by the end of this (function() ) It’s been almost a year when luxury night club Pangaea opened at the Ashok Hotel, Delhi amidst much fanfare. The leasing of The Ashok is expected to fetch close to a billion dollars for the government. The property on sale consists of a 300-room hotel, service apartments, shopping mall and stand-alone restaurants, pubs and an upmarket health club. Sources said that the union tourism ministry and the department of investment and public asset management are together working on a cabinet note to give the sprawling 25-acre property on a long lease of 90 years. NEW DELHI: The union government has decided to privatise Delhi’s iconic hotel, The Ashok, located barely a few hundred metres from the Prime Minister’s residence in the heart of Lutyens’ Delhi. The hotel ended up making operational profit of a couple of crores. The minister pressed the then acting ITDC chief Ashwini Lohani to make sure that The Ashok made profit that year. ![]() ![]() Jagmohan blocked the sale of the hotel by using the Vajpayee government’s commitment that it will not sell any profit-making government company. But the then union minister for tourism, Jagmohan, put his foot down and refused to sell it. The hotel came close to be sold during Atal Behari Vajpayee’s government when his son-in-law Ranjan Bhattacharya reportedly tried to take it over through a hospitality venture he was associated with. Ambani, sources said, is still looking for a hotel with full control and The Ashok could be an opportunity for him But the control of the hotel remains with Prithviraj Singh ‘Biki’ Oberoi. But the deal did not go through.Īmbani then invested in Hotel Oberoi, a luxury five-star hotel brand run by East India Hotels Ltd, where his wife Nita is now a director. There were reports that he planned to buy out the Nandas from Hotel Claridges. Ambani has long been looking to own a five-star hotel in New Delhi. Among the frontrunners to acquire the hotel is Mukesh Ambani.
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