Roosevelt Hotel lease to fetch $220 million: Saad Rafique

Regrets that previous govt had decided to run hotel under public-private partnership.

LAHORE: Minister for Railways and Aviation Khawaja Saad Rafique says the precious asset of the PIA Roosevelt Hotel, New York, has been leased out for three years.

Addressing a news conference in Lahore on Sunday, the minister said the agreement on the elase of Roosevelt Hotel will generate a revenue of 220 million dollars.

He expressed regret that the previous government had made a decision to run the Roosevelt Hotel through a public-private partnership.

The minister further said Hajj operation of PIA was underway successfully and for the first time this operation was started directly from Quetta.

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