Pakistan to turn Roosevelt Hotel in the US into a mixed-use project
The Ministry of Privatization has invited
technical and financial bids from qualified and experienced firms for the
appointment of a financial advisor for the Roosevelt
Hotel in New York.
According to an official announcement, the
advisory assignment is linked to a proposed joint venture aimed at developing the
Roosevelt Hotel into a mixed-use project. The property is a prime
government-owned asset situated in Manhattan.
The Roosevelt Hotel consists of 19 storeys with
1,025 rooms and spans approximately 600,000 square feet.
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The appointed financial advisor will support the
government in structuring and executing the joint venture transaction in
accordance with applicable regulations and international best practices.
Interested firms can access the Request for
Proposal (RFP) on the Ministry of Privatization’s official website, which
outlines eligibility requirements, scope of work, and submission guidelines.
Technical
and financial proposals must be submitted by February 16, 2026, no later than
3:30 pm (PST).
Source: Pro
Pakistani