Monday, September 25, 2023

PIA’s Roosevelt Hotel In New York Leased for Three Years and Here’s How Much Pakistan Will Earn

Pakistan government has leased the popular Roosevelt Hotel in New York for three years, confirmed by Minister for Railways and Aviation Khawaja Saad Rafique. The agreement will produce a revenue of $220 million (PKR 63,025,864,000).

Khawaja Saad Rafique further stated that the previous government operated the hotel through a public-private partnership which did not generate much revenue. Now 1,250 rooms have been leased under the agreement.

He further mentioned that Roosevelt’s location and facilities provided make it a significant deal. The hotel is located in vibrant New York city with an iconic metropolis, where you can find streets bustling even at night. New York is a hub of business and homes towering buildings, art, museums, and entertainment options.

The hotel can serve as a wonderful affordable staying facility for visitors to New York. In addition, it will also help Pakistan in the wake of economic crisis.

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