Pakistan Airlines says Trump interested in its New York hotel

Monday, 15 Jul, 2020 0

An official from Pakistan International Airlines told a government privatization committee that US President Donald Trump is interested in taking over the airline’s hotel in Manhattan.

The struggling airline owns the Roosevelt Hotel via subsidiary PIA Investment Limited.

PIA Investment Limited managing director Najeeb Sami told government officials that Trump ‘is still showing interest in the Roosevelt.’

The 1,000 room property is one of the NYC’s most iconic hotels and has mostly been profitable for the airline since it bought it in 1999.

The committee heard that Trump has long shown an interest in the hotel.

Pakistan’s privatisation minister Muhammad Mian Soomro said the government has no intention of selling the hotel it paid $36 million for more than 20 years ago.

However it does want to lease it out or form a joint venture with a private operator.

The hotel has been managed by Interstate Hotels & Resorts for many years.

The privatization commission is looking at the best way forward to privatising the beleaguered airline, which is currently banned from several countries due to a widespread fake pilot license scandal.

By Ray Montgomery, US editor

below social share icons

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

We work with reliable data providers with global coverage, that guarantee data representativeness as well as compliance with International Personal...

The Paris 2024 Organising Committee for the Olympic and Paralympic Games is responsible for planning, organising, financing and delivering the...

Take your clients’ vacation to the next level at Universal Orlando Resort™. With three amazing theme parks – Universal Studios...

Why choose Titan Travel? There are some great travel companies out there – so why Titan? Well, we’re one of...

If you’re thinking of cruising, there’s a very good chance you’re considering a Carnival cruise. Growing since our founding in...

Queensland – where it’s rude not to stare Here in Queensland, there’s plenty to do. But there’s even more to...

WANDERERS WELCOME to MISSISSIPPI Mississippi is a state for all those who are wanderers at heart. From lush, forested Appalachian foothills to...

Offering the most powerful portfolio in the industry, our 30 brands and 8,000+ properties across 139 countries and territories give...

The superpower in bed banks for 30 years We are an award-winning and trusted accommodation wholesaler since 1991. We are...

In 2019, Buffalo Tours and Olympus Tours joined the Flight Centre Travel Group (FCTG) family and formed Discova. With the...

Welcome to Qatar Airways Qatar Airways is proud to be one of the youngest global airlines to serve all...

Cunard is the operator of luxury cruise ships Queen Mary 2®, Queen Victoria® and Queen Elizabeth®. Renowned for impeccable White...

MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels...

ABOUT THE PHILIPPINES Mabuhay! Welcome to our archipelago of 7,641 islands where there are endless beaches, lively and fashionable cities,...

The Oregon Tourism Commission, dba Travel Oregon, works to enhance visitors’ experiences by providing information, resources and trip planning tools...