Mysuru, July 21 -- Financial, technical credentials, highest bid to determine successful bidder

The iconic Lalitha Mahal Palace Hotel in Mysuru is moving closer to private management, with Jungle Lodges and Resorts (JLR) expecting to complete the leasing process within the next four months.

The State Government, which took over the heritage property from the Centre, currently manages the hotel through JLR.

However, the ageing structure has suffered damage over the years, making its restoration and maintenance increasingly difficult. In view of the high cost of upkeep, the Government has decided to lease the property to a private operator.

JLR has floated a global tender inviting bids from companies to restore, maintain and operate the...