ISLAMABAD: The government has no plans to sell the historic Roosevelt Hotel in New York, said Aviation Minister Ghulam Sarwar Khan, terming news about its sale as “speculative” and “misleading”.
The Hotel, a New York city landmark, owned by the Pakistan International Airlines (PIA), announced to close its doors permanently last week, after nearly 100 years, due to the coronavirus pandemic and a drop in business activities.
The PIA had acquired the 19-storey building in 1979 on partnership, the minister explained, as reported by the state-run Associated Press of Pakistan. In 1999, the Airlines bought complete shareholding from its own resources and without any aid from the government of Pakistan.
Named after the American President Theodore Roosevelt, the hotel has featured in several big-ticket Hollywood productions and overtime acquired an iconic status in Manhattan.