Roosevelt Hotel Privatization Not An Option - PM Abbasi

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Abbas Ali
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Roosevelt Hotel Privatization Not An Option - PM Abbasi

Post by Abbas Ali » Mon Dec 11, 2017 9:28 pm

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Privatization of The Roosevelt Hotel (theroosevelthotel.com) in New York is not an option, this was stated by Prime Minister Shahid Khaqan Abbasi while chairing a meeting in Islamabad on matters related to the hotel which is owned by PIA.

Chairman PIA, Secretary Aviation and Chairman CAA Board Squadron Leader (Retd.) Muhammad Irfan Elahi gave briefing on investment and financial situation of the hotel.

PM Abbasi directed authorities to prepare a comprehensive business plan to improve hotel's business and increase its income. The hotel is a valuable property with historic and cultural significance for Pakistan, he said.

The meeting was also attended by Adviser to the Prime Minister on Aviation Sardar Mehtab Ahmed Khan Abbasi and other senior officials.

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The Roosevelt Hotel advertisement in PIA in-flight magazine 'Humsafar'.

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arshad.altaf
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Re: Roosevelt Hotel Privatization Not An Option - PM Abbasi

Post by arshad.altaf » Tue Dec 12, 2017 9:18 am

Another "business plan." In future, PIA's business plans will be used by other airlines but PIA.

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Amaad Lone
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Re: Roosevelt Hotel Privatization Not An Option - PM Abbasi

Post by Amaad Lone » Tue Dec 12, 2017 1:40 pm

Mr. Prime Minster PIA does not need 13 billion every three months, it need 150 billion in one go.

Who will invest in PIA. If you do not sell the hotels then PIA sinks.

Why doesnt the government take over the hotels and in return take over the liabilities worth the value of the hotels.
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Amaad Lone
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Re: Roosevelt Hotel Privatization Not An Option - PM Abbasi

Post by Amaad Lone » Wed Dec 13, 2017 12:35 am

https://tribune.com.pk/story/817768/bit ... 1-billion/


Selling the hotels in Paris and New York will really take PIA out of the financial mess that it is in now.

Once the debts are cleared the airline needs to be privatized so it does not remain a burden on any future government.
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