Posted Mar 24, 2026, 12:54 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,667
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https://www.samaa.tv/2087348193-pakistan...lt-hotel-privatization-us-shows-interest
Pakistan accelerates Roosevelt Hotel privatization, US shows interest
By: SHAKEEL AHMED
March 24, 2026
Quote:
The government has included the Roosevelt Hotel in New York in the active list of the National Privatization Program, signaling a fast-tracked process.
According to sources, the appointment of a financial advisor will be completed after Eid-ul-Fitr to move the privatization forward. US officials have shown interest in investing in the Roosevelt Hotel, particularly in its reconstruction and redevelopment.
An MoU has already been signed between Pakistan and the United States to prepare a joint plan for the deal, including cooperation in operation, maintenance, renovation, and development of the property.
The government will take a final decision on a potential joint venture after consulting the newly appointed financial advisor.
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