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Privatisation Commission is holding a pre-bid conference for the
prospective bidders for the sale of Faletti's Hotel, Lahore on 'as is where
is' basis on January 12, 2004 (Monday) at Islamabad. Sixteen parties who have
submitted EOIs have been invited to attend the conference for better
understanding of the transaction and the bidding process and to respond to the
queries of the prospective bidders regarding the sale. The bidding date will
also be announced after consultation with the prospective bidders in the
pre-bid conference. If required, a second pre-bid conference will be held
before the bidding date.
The parties include 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.
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. The prospective
bidders who have submitted EOI can only visit the site during working hours on
any working day on prior appointment with the Privatisation Commission.