Accor set to build 12 Ibis hotels in key Pakistan cities
By Shakir Husain, Staff Reporter
Published: May 03, 2007, 00:00


Dubai: French hotelier Accor will build a dozen hotels in Pakistan in a deal with Pakistan's JS Group, a financial services firm, to fill a room supply gap in the mid-range market.

Accor holds a 25 per cent equity stake in the joint venture that will create 2,400 hotel rooms, Accor Middle East managing director Christophe Landais told Gulf News.

"We will develop 12 Ibis hotels over a period of five years in key cities," he said.

The total development cost is estimated to be $156 million. Three sites have been identified in Islamabad, Faisalabad and Lahore.

Ibis is a mid-price brand of the group, which also operates the five-star Sofitel hotels.

"We are also in talks to have Sofitel and Novotel hotels in Islamabad and Lahore," Landais said.

Accor opened the 118-room Mercure hotel at Karachi airport in April while one Sofitel is under construction in the city's Clifton area.

It is aggressively pushing its mid-range and economy hotels in the Middle East and South Asia.

Strong economic growth is increasing business and leisure travel in the two regions, creating demand for more hotel rooms.

In a deal with the Indian subsidiary of UAE-based property giant Emaar, Accor will manage 100 Formule 1 budget hotels in India in 10 years.

"The budget hotels conform to the market needs. Most of other groups are also focusing on it but we feel we have a headstart with Ibis," Landais said.

Most of Accor's new developments in the region are in the non-luxury category.

Accor operates 20 hotels in the Middle East, offering 4,984 rooms, but its portfolio will triple by 2010.

Thirty properties are under construction that will provide an additional 8,247 rooms by 2010.

In the UAE alone the group manages six hotels providing 1,384 rooms and 16 are under construction with a capacity of 5,218 rooms.

The group will have 21 Novotel and 22 Ibis properties across the Middle East by 2010.

Source: Gulf News!!

LAHORE: District Nazim Mian Aamer Mehmood said that the District Agriculture Department (DAD) would provide 150 thousand saplings to the city during spring plantation campaign.

After inaugurating the spring plantation campaign by plating a sapling in the loan of Jinnah Hall Thursday, he told the media that the city district government would also plant about 20 thousand saplings on all the major roads with the provision of 50 thousand saplings to the educational institutions free of cost. He said the DAD would also provide 25 thousand saplings free of cost to each animal health care centre established in the villages and the centres of the army within the jurisdiction of the CDGL. Whereas, the citizens would also be provided 30 thousand saplings and the city government would sale each sapling on Rs 2 only. Town Nazims Ch Muhammad Ashraf, Tariq Sana Bajwa, and Shiekh Muhammad Younis and nazims of different union councils were also present there.

Lots of hotels going up lately...ironic that things are more dangerous now than ever, and were seeing more foreigners.

:lol:

Just imagine how many tourists and business visitors we'll get once the war in afghanistan is over.

Just imagine how many tourists and business visitors we'll get once the war in afghanistan is over.

that wont happen very soon unfortunately...!! but nonetheless we need more hotels to ease the rush on already packed fews hotels available in Lahore..!!

I cant understand that why previous governments had not taken special measures to increase hotel industry in PAKISTAN.

After 5 to 10 years we will have some good amount of hotels .That will really boost hte hotel industry.

FAISALABAD (February 25 2008): The Asian Development Bank (ADB) is considering providing $6 million from Asian Development Fund and $150,000 from Technical Assistance Special Fund for Lahore Rapid Mass Transit System.

In update project, prepared by ADB Officer Ms Eunkyung Kwon, ADB Department Central and West Asia Department Social Sectors Division, CWRD, revealed that the TA loan provides a key intervention of the long-term partnership between the ADB and Pakistan for the development of Lahore's transport sector.

The TA loan supports a recruitment of a transaction advisor to help formulate, structure, and take to the market a public-private partnership (PPP) for the first priority line of a proposed rapid mass transit system (RMTS) in Lahore.

According to the report, a team of two PSP specialists will be recruited to work intermittently during the implementation of the TA loan. The team will work in close coordination with all interested parties of the Punjab government and the major development agencies active in the sector.

The team will assist the Punjab government to review and comment on due diligence report, financial model, regulatory arrangements, transaction structure, draft agreements, pre-qualification and bidding documents, and evaluation report; and facilitate in negotiating with the bidders.

The expected impact of the SSTA and the ensuing project will be the initiation of a long-term transport system investment program that will enable Lahore to make a greater contribution to national development, while improving in the quality of life for the city residents, including the poor. The SSTA outcome will be an investment project design and financing agreed upon by the government and the ADB.

As the situation of the country is improving day by day the big banks decides to give loan to our promising country.

prevously one of these banks had said no to the gov of pakistan.

^^Now we will see real work on LRMTS.

Any Edenabad ads in newspapers?

Lahore: Lahore Development Authority (LDA) has allowed construction of a hotel in place of a park of a private housing scheme, it was learnt.

LDA had never allowed construction in place of children parks but now it has given new dimensions to encroachers of public property. According to the details, a private housing scheme situated on Raiwind Road has been permitted to construct a hotel on a piece of land which was originally planned as a park. The private scheme had started construction of a hotel on the land which was stopped and demolished by LDA officials. However, after involvement of influential parties, the hotel’s construction has been started once again by declaring it as a private land of the housing scheme, it was learnt.



can anyone spot that private colony and hotel ???

Its on a private property yet the are reporting it to be encroachers of public property?? :?

WHY on raiwind road, they must be talking about resturant, hotel=resturant

Continue here: Lahore Progress News and Updates (part III) (http://www.skyscrapercity.com/showthread.php?p=18658096#post18658096)