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In response to the fresh invitation the Privatisation Commission has
received 16 more Expression of Interest is from the prospective bidders for
the sale of Faletti's Hotel, Lahore on 'as is where is' basis who are
interested in establishing/ maintaining it a quality hotel of international
repute within reasonable timeframe while ensuring that the new design of the
Hotel was in harmony with the existing architecture and preservation of its
historic identity. Sixteen parties had earlier submitted EOIs for this
transaction. The total number of participants expected to take part in the
final bidding process has now been raised to 32.
All the potential investors have been invited to attend a pre-bid conference
for better understanding of the transaction and the bidding process and to
respond to the queries of the prospective bidders regarding the sale on April
27, 2004. The bidding date will also be announced after consultation with the
prospective bidders in the pre-bid conference, which is expected to be held by
early May 2004.
The parties which had earlier submitted EOIs included Export International,
Karachi, Popular Contracting, Sialkot, Afzal & Co, Peshawar, Mohammad Khalid
Randhawa, Islamabad, Associated Builders (Pvt) Limited, (Hashoo Group),
Karachi, Hashwani Hotels Ltd, Islamabad, Shahid Gul & company, Karachi, Haji
Saifullah & Group, Islamabad, Bahria Town (Pvt) Limited, Rawalpindi, Tourism
Promotion Services (Pakistan) Limited, Karachi, TasHeel Group of Saudi Arabia,
Hilton Millineum Group, USA, AMZ Securtites (Pvt) Limited, Karachi, Emirates
Global Investment Limited, Sharjah, UAE, Al-Hamra Trading Co, Karachi and LYNX
Trading SDN, BHD.
The new 16 entrants who have expressed their interest in the purchase of
Faletti's Hotel, Lahore include M/s Mushriq TV (Pvt) Ltd Lahore, M/s Imperial
Builders Karachi, PACE (Pakistan) Ltd Lahore, Hotel Crown Plaza Islamabad,
Bara Ghee Mills, Bara, S.B.Technologies. LLC, Lahore, Jahangir Siddique
Capital Markets (Pvt) Ltd Karachi, Pharaon Commercial Investment Group Ltd
Islamabad, Haji Khadim Hussain Rawalpindi, Elite Home Fashions (Pvt) Ltd
Faisalabad, Lakson Tobacco Company Limited Karachi, Sapphire Group Lahore,
CooKu Enterprise Islamabad, SAS (Pvt) Ltd Islamabad, Husnain Cotex Limited
Lahore and Kaston Holdings Pte. Ltd Singapore.
This prime property is ideally located in the business district, walking
distance from commercial centers, the Mall, Railway and airport offices, the
landmark building of the Assembly chambers, the national museum, botanical
gardens, the zoo etc.
It has approximately total area of 68 kanals 11 marla 11 sq. ft. It has 44
large residential rooms, banquet hall, restaurant and facilities like tourist
office, post office and travel and tour operating agencies.
Only Those prospective bidders who have submitted EOI can visit the site
during working hours on any working day on prior appointment with the
Privatisation Commission.