Five-star hotel Taragaon Regency Hotels, operating as Hyatt Regency Kathmandu, has announced that it will resume operations as soon as possible after undergoing reconstruction to repair significant damage caused during the recent Jenji movement protests.

In a statement issued on Sunday by the hotel’s Executive Director, Sureshlal Shrestha, the hotel expressed gratitude to Prime Minister Sushila Karki and Finance Minister Rameshwor Prasad Khanal for assuring government support during the crisis.

The hotel said damages from the protests on Bhadra 23 and 24 are currently being assessed. It emphasized a firm commitment to restoring the hotel and further elevating Nepal’s reputation in the tourism sector once operations resume.

The statement noted that vandalism, looting and arson during the protests caused extensive destruction to guest rooms, offices, the reception area, lobby, restaurants, banquet halls and the iconic stupa structure inside the property. Since the incident, the hotel has remained fully closed. Hyatt management estimates that upgrades and reconstruction will take at least one year.

Concerns grew after the hotel issued a notice before Laxmi Puja instructing employees not to report to work. Prime Minister Karki had raised the issue, prompting Finance Minister Khanal to immediately engage with hotel management. According to the PM’s office, Khanal assured the government’s full commitment to ensuring safety and urged that services resume without hesitation.

Construction of the hotel began in 1995 and it officially opened in 2000 in the presence of high-level government officials and members of the royal family. In its early years, Hyatt Kathmandu enjoyed strong business and earned several international awards. However, in recent years, declining government share ownership and disputes over land lease issues impacted the hotel’s progress.

Hyatt Regency Kathmandu has now pledged to return with expanded facilities and improved services once reconstruction is complete.