{"id":356154,"date":"2023-09-16T08:31:14","date_gmt":"2023-09-16T03:31:14","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=356154"},"modified":"2023-09-16T08:31:14","modified_gmt":"2023-09-16T03:31:14","slug":"pias-roosevelt-hotel-in-united-states-for-sale","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/pias-roosevelt-hotel-in-united-states-for-sale\/","title":{"rendered":"PIA\u2019s Roosevelt Hotel in United States for sale"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nThe interim federal government is putting the process of selling the Roosevelt Hotel in the United States on a fast track. To facilitate the auction of the hotel, the government has invited proposals for the appointment of a financial advisor.<br \/>\nInterested firms are required to submit their applications for financial advisors by October 9, along with a fee of $1000. Technical documents for submitting the applications can be accessed on the Privatization Commission\u2019s website.<br \/>\nIt is to be recalled that an agreement has been signed between Pakistan International Airlines (PIA) and the management of New York City Health and Hospitals Corporation to lease out the Pakistan-owned Roosevelt Hotel in the US state.<br \/>\nThe hotel will be operated by the New York City local corporation for three years and will house migrants. A settlement agreement has also been reached with the employees\u2019 union of Roosevelt Hotel.<br \/>\nFollowing the deal, the hotel was reopened. The Pakistan Stock Exchange sought a response from the PIA administration regarding the Roosevelt Hotel.<br \/>\nThe Economic Coordination Committee (ECC) of the PDM Cabinet approved the recommendations of the Ministry of Aviation to form a committee to negotiate with the New York City government and Roosevelt Hotel Union for the re-opening of the hotel.<br \/>\nThe Ministry of Aviation had submitted a summary with the recommendation to open the hotel having 1,025 rooms for migrants\u2019 purposes at $200 per room per day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD The interim federal government is putting the process of selling the Roosevelt Hotel in the United States on a fast track. To facilitate the auction of the hotel, the government has invited proposals for the appointment of a financial advisor. Interested firms are required to submit their applications for financial advisors by October 9, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-356154","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-top-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PIA\u2019s Roosevelt Hotel in United States for sale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/pias-roosevelt-hotel-in-united-states-for-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PIA\u2019s Roosevelt Hotel in United States for sale\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD The interim federal government is putting the process of selling the Roosevelt Hotel in the United States on a fast track. To facilitate the auction of the hotel, the government has invited proposals for the appointment of a financial advisor. 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