Saraf Hotel Enterprises started by Mr. Radhe Shyam Saraf opened its first hotel, Yak & Yeti in the heart of Kathmandu, Nepal in 1977. In 1980, Mr. Saraf, as the founder promoter of Asian Hotels Ltd., initiated the construction of Hyatt Regency in New Delhi. The 550-room hotel opened to receive guests for the Asian Games in 1982 with a record completion time of two years.
In 1996, the group launched Grand Hyatt New Delhi (now The Grand, New Delhi), a 400-room project that opened for guests in 2000. In 1997, the group also began developing Hyatt Regency Kathmandu. The 40-acre property was the largest private sector development for tourism in Nepal. Saraf Hotel Enterprises went on to launch Grand Hyatt Mumbai, India's first mixed-use development that began operations in 2004 and immediately gained iconic status in the city.
