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The Privatisation Commission is holding a pre-bid meeting ON Monday October
16, 2006, to own and run a five star hotel on prime land on
Shahrah-e-Quaid-e-Azam, Lahore, which is presently titled as "Services
International Hotel (SIH)". The pre-bid meeting is being held to create better
understanding of the process and to respond to the queries of the interested
parties.
The PC had invited Expression of Interest (EOIs) in March 2006 and received
nine (9) Expression of Interest (EOIs) from parties/ Groups to own and run a
five star hotel on prime land on Shahrah-e-Quaid-e-Azam, Lahore, which is
presently titled as "Services International Hotel (SIH)" with an area of
fifteen (15) Kanals and four (4) Marlas.
The parties submitting EOIs include 1. Associated Group, Lahore, 2. Bahria
Town (Pvt) Ltd, Rawalpindi, 3. Hashwani Hotels Ltd, 4. Marwat Enterprises (Pvt)
Ltd, Lahore 5. Regent Plaza, Karachi, 6. SA Builders, Lahore, 7.Tri Star
Group, Islamabad, 8. Noor Financial Investment Company, Kuwait and 9.
Consortium of Sapphire Textile Mills Limited, Lahore.
The available clear title of the land is in the name of Punjab Cooperatives
Board for Liquidation (PCBL) to operate a hotel. The bidders for the land
shall undertake to commence construction and operate a high-rise state of the
art five star hotel in an agreed time frame.