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In response to an invitation, the Privatisation Commission has received
seven (7) Expression of Interest (EOIs) from interested parties/ consortium of
investors with commitment to build, own and run a five star hotel on a prime
piece of land on Shahrah-e-Quaid-e-Azam, Lahore, presently titled “Services
International Hotel (SIH)” with an area of fifteen (15) Kanals, three (03)
Marlas and one-hundred thirteen (113) square feet (6,346.46 square meter
approximately).
The parties include 1. ASSOCIATED GROUP, LAHORE, 2. THE CITY GROUP, LAHORE, 3.
HASHWANI HOTELS LTD, ISLAMABAD, 4. RUPALI POLYESTER LIMITED, LAHORE, 5. ABRAAJ
CAPITAL LIMITED, DUBAI, UNITED ARAB EMIRATES, 6. AL SABAIEA NATIONAL GENERAL
TRADING & CONTRACTING COMPANY, KUWAIT. 7 MARWAT ENTERPRISES, LAHORE.
The interested parties / consortium of investors were asked to provide bank
statement for the last three years to demonstrate net worth.
The successful bidder shall have to construct a five-star hotel including
basements in accordance with the Building Regulations of Lahore Development
Authority (LDA). The permissible height of the hotel building shall be 400
feet. The allowable floor area ratio shall be 1:12. The coverage at ground
floor shall be permissible after leaving 50 feet house line towards
Shahrah-e-Quaid-e-Azam, 13 feet wide space at three sides including the rear
side of the building. Upto 20% of the total covered area would be commercial
area with the condition that only 5% of this area would be used for shops
while the remaining 15% would be dedicated for offices.
The successful bidder shall have to construct a five-star hotel within a
three-year time frame. The Successful Bidder shall submit a Performance Bank
Guarantee equivalent to fifteen percent of the bid price. The Privatisation
Commission shall have the legal right to encash the Bank Guarantee if the
Successful Bidder fails to achieve the agreed construction milestones. A
pre-bid meeting of the pre-qualified bidders will be convened soon for holding
the bidding.