New luxury hotel planned for Islamabad meets resistance

In Islamabad, Pakistan, the Capital Development Authority is planning to sell one of the country's biggest commercial plots to a hotel developer next week.

According to Pakistan today, the 12-acre plot is being imposed by the CDA on condition for the buyer to be an owner of a five-star hotel—which, the paper notes, sidelines "all the rules and regulations of the organization." Citizens Developers Association, which believes that a large development could "pose great threat to the lives of people during any emergency situation," has appealed Prime Minister Nawaz Sharif to "intervene and take notice of the matter."   

The Association believes that the Authority "should take off the conditions imposed on the auction of this plot and all the investors should be given chances to have an access to the coming auction." The matter may be challenged by the Builder's Association in court, the Association noted. 

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

If the hotel gets the go-ahead, the finished product could have as many as  4,200 rooms.

Suggested Articles

Before the global brands roll into Madrid, consider that what the consumer considered to be luxury has evolved in recent years.

As of January 1, the hotel will formally be rebranded as the InterContinental Shenzhen Dameisha Resort.

The deal gives Onomo a presence in 15 countries with 4,300 guestrooms and a pipeline of an additional 3,000 rooms.