Islamabad: The Capital Development Authority (CDA) is set to auction three strategic sites for luxury hotels on November 16 and 17 at the Jinnah Convention Centre from 9 am to 4pm.
The civic authority will auction off two five-star hotel sites, one in Blue Area F-9/G-9 and one on Murree Road, and a three-star hotel site in Sector E-11’s Northern Strip.
According to a press release, internationally reputed hotel franchises will be eligible to take part in the auction. Only those that boast five-star credentials, or higher, will be able to apply for the Blue Area and Murree Road sites, while a rating of at least three-stars will be needed for Sector E-11’s site.
The table below summarises the size and floor area ratio (FAR) of the sites.
|Blue Area F-9/G-9 (five star)||330×1050 (11.742 acres)||1:12|
|Murree Road (five star)||700×560 (9 acres)||1:8|
|Northern Strip, E-11 (three star)||240×503 (2.77 acres)||1:8|