Mysore/Mysuru, Dec. 3 -- The Lalitha Mahal Palace Hotel in Mysuru is being leased out for 30 years. Under the tender conditions, the company securing the contract must first carry out a complete renovation of the building, strictly adhering to the guidelines laid down in the tender.

Only after the restoration is completed will the Government hand over full management of the property for the duration of the lease. As part of the agreement, the selected company must deposit a fixed sum with the State Government, which will remain in the Government treasury for all 30 years. The tender clearly states that if the company causes any damage to the structure or compromises its traditional architectural beauty at any point during the lease perio...