PID

PR No. 87 Islamabad: 11 December 2017

Prime Minister Shahid Khaqan Abbasi chaired a meeting regarding the affairs related to Roosevelt Hotel, New York here at PM Office today.

Secretary Aviation Division briefed the meeting in detail about the financial condition of the hotel and the reducing scale of return on investment.

The Prime Minister stated that Government considers Roosevelt Hotel as an important historical building owned by the State and that its divestment is not an option. He further said that apart from being a valuable property, the Hotel also carries cultural significance for Pakistan.

The Prime Minister further directed the Aviation Division to submit a business plan for improving the income stream of the Roosevelt Hotel by either alternate or mixed use development. The meeting was attended by Advisor to PM on Aviation, Sardar Mehtab Ahmed Khan and other senior officials.

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