Kathmandu: Hotel Sabrina Limited has successfully concluded its eighth Annual General Meeting (AGM). The meeting was held on Friday, September 18, under the chairmanship of company Chairman Nirajan Thapa at Hotel Sabrina.
The AGM unanimously approved the annual report for the fiscal year 2025/26 (2082/83 BS) presented by Chairman Thapa on behalf of the Board of Directors. It also approved the auditor’s report along with the profit and loss statement, balance sheet, cash flow statement and other financial statements of the company.
The meeting further approved the appointment of an auditor for fiscal year 2026/27 and the remuneration to be provided to the auditor. A special proposal to amend the company’s Memorandum of Association and Articles of Association was also endorsed by the AGM.
According to the company, Hotel Sabrina generated Rs. 81.8 million in business income during FY 2025/26, representing a 14.49 percent increase compared to the previous fiscal year. The company also reported Rs. 6.271 million in other income during the period.
Hotel Sabrina, located in Budhanilkantha, Kathmandu, is currently undergoing an upgrade to a five-star hotel. Following the completion of the upgrade, the hotel will be managed by Tribe, the lifestyle brand of French hospitality group Accor. The property will operate under the name ‘Tribe Kathmandu’, marking Tribe’s first project in Nepal.
After the upgrade, the hotel will feature 110 rooms and three restaurants. The company said its rooftop restaurant will be among the largest rooftop restaurants in Kathmandu. The average room size is being maintained at around 30 square meters as part of the redevelopment.
Chairman Thapa said the hotel is targeted to begin operations as a five-star property under Accor’s Tribe brand within 2027.
Meanwhile, Hotel Sabrina Limited has also applied to the Securities Board of Nepal (SEBON) seeking approval to issue an Initial Public Offering (IPO).
