Shimla: In a landmark achievement under the visionary leadership of Chief Minister Thakur Sukhvinder Singh Sukhu, the Himachal Pradesh government has successfully concluded the competitive e-auction for granting licence rights for the Operation and Management of the prestigious Wildflower Hall Hotel, Shimla, securing an unprecedented revenue-sharing bid of 47.1 percent of the Annual Gross Revenue. This is stated to be the highest-ever revenue-sharing bid in India for a transaction of this nature.
The successful e-auction marks a significant milestone in the state government’s efforts towards the optimal utilisation and commercial management of valuable public assets. The arrangement is expected to generate substantial and sustained recurring revenue for the State Exchequer, estimated at approximately Rs. 3 crore per month, with an annual escalation of 3 percent, over the licence period of 35 years.
The successful auction, conducted through a transparent and competitive bidding process, represents a major achievement in unlocking the economic potential of this iconic property while retaining full ownership of the hotel and its underlying assets with the state government.
The Chief Minister said that the restoration of Wildflower Hall, securing a record-breaking revenue-sharing bid and ensuring substantial long-term financial returns demonstrated his government’s resolve to protect public assets and strengthen the state’s economy. He appreciated the dedicated efforts of the administrative machinery, consultants and legal teams whose sustained commitment and professional efforts helped safeguard the state’s interests.
