{"id":94840,"date":"2023-09-11T18:18:07","date_gmt":"2023-09-11T13:18:07","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=94840"},"modified":"2023-09-11T18:18:08","modified_gmt":"2023-09-11T13:18:08","slug":"new-plans-roosevelt-hotel-under-discussion","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/new-plans-roosevelt-hotel-under-discussion.html","title":{"rendered":"Roosevelt Hotel-NY: Commission invites proposals for financial adviser"},"content":{"rendered":"\n

Islamabad: The Privatisation Commission has taken a significant step toward the leasing of the Roosevelt Hotel in New York for a prospective mixed-use development project by inviting proposals for appointing a financial adviser, a news source reported on September 11.
Read: <\/strong>LDA issues building code SOPs to align constructions with LHR master plan<\/a><\/p>\n\n\n\n

As per the details, the financial adviser will suggest how the government should lease the Roosevelt site for a mixed-use development to the private sector. The news underscores that the government\u2019s decision to proceed with the leasing of the Roosevelt site is part of its plan to create a joint venture project that would transform the hotel into a 40-story multi-purpose complex, positioning it as a prominent business hub.<\/p>\n\n\n\n

Read: <\/strong>Dollar, gold rate in Pakistan drops<\/a><\/p>\n\n\n\n

It\u2019s worth noting that the Roosevelt Hotel is currently owned by PIA Investments Ltd (PIAIL). PIAIL now anticipates generating USD 220 million in revenue by leasing out the hotel to the New York (NY) government for a period of three years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad: The Privatisation Commission has taken a significant step toward the leasing of the Roosevelt Hotel in New York for a prospective mixed-use development project by inviting proposals for appointing a financial adviser, a news source reported on September 11.Read: LDA issues building code SOPs to align constructions with LHR master plan As per the details, the financial adviser will suggest how the government should lease the Roosevelt site for a mixed-use development to the private sector. The news underscores that the government\u2019s decision to proceed with the leasing of the Roosevelt site is part of its plan to create a joint venture project that would transform the hotel into a 40-story multi-purpose complex, positioning it as a prominent business hub. Read: Dollar, gold rate in Pakistan drops It\u2019s worth noting that the Roosevelt Hotel is currently owned by PIA Investments Ltd (PIAIL). PIAIL now anticipates generating USD 220 million in revenue by leasing out the hotel to the New York (NY) government for a period of three years.<\/p>\n","protected":false},"author":88,"featured_media":62547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[6957,56222,56270],"persona":[],"class_list":{"0":"post-94840","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-new-developments","9":"tag-news-and-updates","10":"tag-roosevelt-hotel-new-york","11":"cat-15017-id"},"acf":[],"yoast_head":"\nNew Plans for Roosevelt Hotel Under Discussion - Zameen News<\/title>\n<meta name=\"description\" content=\"Roosevelt Hotel in New York has recently seen new developments, as the new financial advisor is looked for this mixed-project.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/new-plans-roosevelt-hotel-under-discussion.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Plans for Roosevelt Hotel Under Discussion - 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