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Privatisation Commission has invited more Expression of Interest (EOI) from
those 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 latest by April 16, 2004. The bidding
for Faletti's Hotel is targeted for April 2004.
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. It has 44
large residential rooms, banquet hall, restaurant and facilities like tourist
office, post office and travel and tour operating agencies.
The summary profile giving details of the property is available from PC
offices at Islamabad and GM, Faletti's Hotel, Lahore. Bidding documents
comprising terms and conditions of sale and bidding procedure will provided on
April 17, 2004 to those interested parties who will deposit a non-refundable
processing fee of Rupees ten thousand only along with their new EOI and
details about themselves. The prospective bidders who submit EOI can only
visit the site during working hours on any working day on prior appointment
with the Privatisation Commission.
The prospective bidders who have already submitted their EOIs in response to
PC's earlier invitation in December 2003 will be sent a new set of bidding
document.
A pre-bid conference will be held to facilitate a better understanding of
the transaction and of the bidding process and to respond to the queries of
the prospective bidders at PC offices Islamabad one week ahead of the bidding.
The bidding date will also be announced after consultation with the
prospective bidders in the pre-bid conference.