Dhaka - Hotels and Resorts

[Tmac]

Pan Pacific Sonargaon Hotel - Dhaka's finest 5 star hotel.

Pan Pacific Sonargaon Dhaka is a magnificent business-class hotel, ideally located in central Dhaka close to the Motijheel commercial area, Dhaka's diplomatic area of Baridhara and Gulshan, Parliament House and the Prime Minister's Office. The hotel is within easy access of several Dhaka attractions, and Zia International Airport is just 18 kilometres from the hotel.

Here at the Pan Pacific Sonargaon Dhaka, both the business and leisure traveller to Dhaka will enjoy all that a five-star international hotel can offer, from first-class surroundings to world-class hospitality, in the Pan Pacific style.

The hotel's 304 luxuriously appointed rooms, including 25 magnificent suites, provide comfort and superb facilities, combining to make your stay at Pan Pacific Sonargaon Dhaka truly memorable. The hotel's Pacific Floors offer extensive facilities and privileges, including butler service and a private lounge for discerning hotel guests.

The restaurants, lounge and bar of Pan Pacific Sonargaon provide a wide selection of food and beverage facilities, from Italian to the finest international cuisine in Dhaka at the hotel's Cafe Bazar. 24-hour Room Service is also available at the hotel.

Guests wishing to retain their health regime will find Pan Pacific Sonargaon Dhaka's Health Club offers a fully equipped gymnasium, sauna, steam room and massage treatments. For recreation, Pan Pacific Sonargaon Dhaka offers an impressive swimming pool, tennis and squash courts. All the hotel's extensive health and leisure facilities are tailored to meet guests' individual needs, with professional hotel staff on hand to assist.

The hotel's Grand Ballroom can accommodate up to 1200 guests and is the perfect setting for your Dhaka conference or social event. The hotel also has a fully equipped Business Centre. Pan Pacific Sonargaon's team of professional meeting planners is always at your service, providing the ideal venue in Dhaka for corporate meetings, seminars, family functions, birthdays and wedding ceremonies.

http://dhaka.panpacific.com/hotel/index.shtml

[Tmac]

Dhaka Sheraton

http://www.starwoodhotels.com/sherat...propertyID=200

The first renowned international five-star hotel in Bangladesh, Dhaka Sheraton Hotel stands proudly in the city's most prestigious location. Through modern facilities and friendly, personalized service, it has become the first-choice hotel for most international business and leisure travelers visiting Dhaka.

Our 272 guest rooms and suites range from convenient to deluxe, premium deluxe, and Executive Club Floor facilities with five categories of suites. Five different

[Dhakar Odhibashi]

tmac nice pics. i think dhaka's hotels are behind sri lanka, india or pakistan's in general because the poverty is higher maybe.

still it's nice. i'd love to see radisson and westin (after it's completed). i think there are a few more 3-4 star hotels too. like grand azad hotel, purbani or many others.

[sas]

India definitely. We are way behind India in terms of number of 'quality' hotels. But Pakistan, definitely not. Dhaka will have a total of five 5-star hotels by the end of 2006 hopefully. If you compare that to the number of true 5-star hotels in say Karachi, I wouldn't say they have anything special. They have an awesome looking Sheraton and a Pearl Continental and a Marriott? A Marriott is by no means a 5-star hotel. As far as Colombo, Sri Lanka is concerned, they have a massive Hilton. That's all. And as far as poverty levels are concerned, please we are all on the same boat at the end of the day.

[Tmac]

few more photos of Sonargaon Hotel







Few more of Dhaka Sheraton

[tanzirian]

It is not reasonable to expect that Bangladesh should have more luxury hotels than India or Sri Lanka.

India is a comparitively vast country with many world class tourist attractions, and Sri Lanka has great natural beauty and beaches, both of which draw many wealthy foreign tourists.

Pakistan on the other hand should have more top end hotels than Bangladesh given its size as well as potential tourist attractions but surprisingly does not - the important hotels there look rather dated compared with those in Dhaka.

[Tmac]

Radisson Water Garden Hotel

http://www.radisson.com/dhakabd

The newly opened 5 star Radisson Water Garden Hotel in Dhaka. Sprawling over 7 acres of manicured grounds and gardens with water features, the 8 storied hotel offers all the conveniences of a business hotel with an atmosphere and amenities of an exclusive resort. Three Restaurants, Health Club, Swimming Pool and an adjacent nine-hole golf course are all what visitors can enjoy. Revitalize and rejuvenate the mind, body & soul in Dhaka's first internationally managed spa and health club. Enjoy a range of pampering health treatments in the spa, or energize the body at the modern gymnasium that features state of the art fitness equipment.





















Still awaiting interior pics.

[Tmac]

Lake Shore Hotels and Apartments - a first class hotel in Dhaka.

http://www.lakeshorehotel.com.bd/main.html

The Lakeshore Hotel is an international standard hotel with impeccable service and attention to details. 60 elegantly well equipped rooms , place of relaxation and comfort forming the infrastructure of modernized living , with business desk in every room, having internet connectivity and two phones with international direct dialing , mini bar , electronic safe and for safety smoke detectors , fire sprinklers and electronic door key.













SKY VIEW POOL AND LA TERRAZA:
Take a dip at the sky view pool overlooking the green landscaped lake. Enjoy the beautiful view of the sunrise and sunset by sipping your favorite drink at the La Terraza . Roof Top Swimming Pool with a view to kill for....Gulshan skyline!

[Tmac]

Best Western La Vinci Hotel - A 3 star luxurious business class hotel with majestic colorful architecture design. It is superbly located in the heart of Dhaka's prestigious business area, the Kawran Bazar.

Affiliated with the World's Largest Hotel Chain "Best Western International" which is based in the United States of America, Best Western La Vinci presents a new standard in Bangladeshi and Italian hospitality. It's a first Bangladesh Board of Investment (BOI) approved hotel project in Bangladesh. The Hotel is extending traditional Bangladeshi and Italian personalized service through its well-trained multilingual staff. So whether you are on a business, pleasure or a short trip just step into Best Western La Vinci Hotel and feel the Best Western touch.

The Best Western La Vinci provides 51 well-appointed guest rooms including 8 suites which are attractively decorated for the business class visitors and foreign expatriates with all modern amenities. All guest rooms are air-conditioned and in room data port system. For non -smoking visitors we offer Non-Smoking floors to feel more comfortable while staying with us. Executive floor offers special privilege access to the valued guests. La Vinci Suites with a meeting room offers special services and superior room amenities, which caters to your business requirement.

Best Western La Vinci Hotel is simply one of the best Hotel in town you can depend for your business needs.


http://www.bwlavinci.com/index.html



Lobby Area

[Tmac]

Hotel Sarina

http://www.sarinahotel.com

On January 2002, began a project that would not only revolutionize the skyline of Dhaka but also the hospitality industry of the country. The first steel-framed building ever to be built in the country awed everyone. This 20 storied steel-framed building with a space of 72,000 square feet was completed in record time of about two years. On the 17 July, 2003, Sarina, the very first boutique hotel in the country was opened for business. The grand opening of the hotel marked a turning point in the history of the hospitality industry of the country.

Hotel Sarina is 5 star business hotel located in Banani. The hotel has 201 Rooms including 14 suits, All rooms with high speed internet connection along with dedicated port for laptop, mini bar , in-room safe, satellite TV with channels and working desk, Exclusive club room with personalized service for all suite guest and members only, 24-hours business centre and room service, Three restaurants, one bar and lobby cafe, Swimming pool, health club, Sauna & Stream bath, four Multi functions rooms, Hotel equipped with safety and security equipment device including fire and smoke detector, water sprinkler, electronic door locks & CC TV, Shopping Mall. The rooms are decorated in ethnic European style with carpeted floors and contemporary furniture. Sarina offers the comfort and the warmth of a home and has also managed to make sure that guests can keep in touch with rest of the rapidly changing world around.

The beautiful hotel has made every provision to cater to every needs of the guest. Guests can enjoy the services provided by the Business Centre that is open twenty four hours for secretarial services, telephone, fax and internet. Provisions have also been made to make sure that the guest can use the internet from the privacy and the comfort of their own rooms.
Sarina boasts one of the finest Italian restaurants in the vicinity. The view from the fabulously designed bar, that is on the twentieth floor of the building is simply breath taking.









The Banquet hall can accomodate upto 250 people.


After a long day of business and meetings, Picasso is an ideal cigar bar to unwind and let the stresses of the day slip away. Picasso offers a full range of cocktail offerings with feet-tapping background music located on the 20th floor with a breathtaking view of our city.






There is a gymnasium, sauna and steam bath with a patio swimming pool on the 20th floor overlooking the city of Dhaka.

[mirzazeehan]

Prime Minister Begum Khaleda Zia on Sunday formally inaugurated the country’s third 5-star hotel, Radisson Water Garden Hotel Dhaka, on Airport Road adjacent to Dhaka Cantonment, reports BSS


To be managed by international company Carlson Hotels Asia Pacifica, the Radisson Hotel would be open for public through a press conference on February 11, offerings all the convenience of a business hotel with an atmosphere and amenities of an exclusive resort.

Just five kilometers from Zia International Airport, the new hotel has 30,000 square feet of function space, including the city’s largest grand ball room to accommodate more than 1,180 guests, 206 rooms, including five suites, three restaurants, two lounge bars, one cafe, two swimming pools, one tennis court, access to adjacent gold club course and jogging track.

-THE BANGLADESH OBSERVER

[Tmac]

Hotel Purbani International













http://www.hotelpurbani.com/

Ambala Inn



http://www.ambalainn.com/index-1.html

Rosewood Residence



http://www.rosewoodresidence.com/

[Tmac]

Five-star Radisson hotel open to guests


Radisson Water Garden Hotel Dhaka, the country's newest five-star hotel, has formally opened its services to guests with a commitment to offer international standard hospitality.
After opening its services on February 11, Radisson has received a good response from the customers as a total of 99 guests have so far taken hospitality in the hotel, officials said yesterday.

Prime Minister Khaleda Zia inaugurated Radisson Water Garden Hotel Dhaka on February 5. Radisson hotels and resorts is one of the leading hotel brands in the world, operating more than 435 hotels in 61 countries.

The eight-storied hotel, owned by Sena Hotel Development Limited (SHDL) and managed by Carlson Hotels Asia Pacific, has 206 rooms, including five suites. The hotel occupies more than seven acres of land located on the Airport Road near the city's Cantonment Railway Station.

"We have received extremely positive responses from the customers both from home and abroad," said Saeed Ahmed, director (Sales and Marketing) of the hotel, at a press conference held at the hotel.

He said a total of 100 rooms out of 206 are ready for accommodation and the rest will be prepared soon.

"We have invested Tk 200 crore to construct the hotel and have a plan to invest more to extend the facilities," said Ian R Barrow, general manager of the hotel.


The officials of the hotel hope the location and comprehensive facilities available at the hotel make the hotel perfectly suited to both business and leisure travelers.

Barrow said the hotel will continue its international standard services that other Radisson hotels follow around the world. So, the guests of the hotel will also get the unique international services that are already provided by the other Radisson Hotels, he added.


The hotel also offers a wide array of exquisite cuisine served in beautiful surroundings.

The hotel has rooms of four categories. The charge of the Radisson's deluxe room is $260, atrium $290, clubroom $350 and executive suite $485, excluding VAT tax, officials said.

SHDL was formed in 1995 by the joint-venture partners -- Bangladesh Army Welfare Trust and UK-based Associated Building Design Limited to build and operate hotels and other businesses in Bangladesh.

In 2000, the company was made a fully Bangladesh Enterprise of Army Welfare Trust (AWT) and Sena Kalyan Sangstha (SKS) with 80 percent and 20 percent shares respectively, according to the Radisson Hotel brochure.

http://www.thedailystar.net/2006/02/14/d60214050445.htm

[Golden Boy]

DHAKA REGENCY: The Jewel of Bengal



A flagship development of the British Bangladesh Investment Group (BBIG), the Dhaka Regency is a magnificent business-class hotel, ideally located on Airport road in the commercial area of Nikonjo. The hotel is within easy access of the airport, the city's diplomatic zones and a host of other Dhaka attractions.

With its spectacular fifteen-storey tower, the Dhaka Regency will have a total of 225,000 square feet of space. Each floor of the hotel will span 20,000square feet in addition to which, there is a 25,000 square feet basement parking facility. The Regency will have approximately 400 luxury rooms, more than any other hotel in the country, including 5 Regency suites, 10 Royal suites and 20 Presidential suites. All the exclusive suites will be based at the top of the hotel on the Regency floor and receive extensive facilities and extra privileges, including personal butler service and a private lounge for VIP guests.



Amongst the 18,000 square feet of space devoted to fine dining, the Dhaka Regency will have its own 10,000 square foot revolving restaurant
with a birds eye view of Zia International Airport and the Dhaka city on the 14th floor, making it the largest restaurant in the country. The selection of international cuisine will consist of Italian, Arabian, Thai/Chinese and Bangladeshi/Indian food of the finest quality. The beautifully designed non-alcoholic cocktail bar and shisha lounge, with a middle-eastern theme will provide diners with the most exquisite setting to relax and unwind.

Other facilities within the hotel will include state-of-the-art conference and exhibition halls on the 6th floor, and a roof top swimming pool and health centre offering unrivalled panoramic views of the city. At the Dhaka Regency, both business and leisure travellers will enjoy all that an international four-star hotel can offer, from first-class surroundings to world-class hospitality, all in the Regency style.

By focusing on combining unparalleled levels of service with class-leading facilities, the Regency aims to provide customers with a unique and truly memorable experience.

In addition, the Dhaka Regency will also bring extraordinary value to the fast growing hospitality sector. The hotel's room rates will be unrivalled by any other similar standard hotel in the country without compromising on quality.

The hotel will create over 350 jobs for local people, provide transferable skills and bring much needed investment to a vibrant city waiting to be discovered. With so much to offer on so many levels, the Dhaka Regency will truly become the 'Jewel of Bengal'

































The hotel is due to open in 2007

Dhakaregency.com

[JustHorace]

Whoa! Cheers for Dhaka! Maybe now we should expect an upcoming Shangri-la, Hyatt, Hilton, Mandarin Oriental, Peninsula, and a Marriott!

[Tmac]

5 Star InterContinental Dhaka and 3 Star Holiday Inn Dhaka

InterContinental Hotels Group (IHG) is currently constructing 3 star Holiday Inn Dhaka and 5 star InterContinental Dhaka respectively. Currently under construction, Holiday Inn Dhaka is scheduled to be launched mid 2006 and InterContinental Dhaka will be opened late 2006. Both properties are new build and are located in the geographic heart of the city. Holiday Inn will have a majestic shopping arcade with it.



The Airport Hotel Shopping Arcade promises one of the most rewarding customer environments currently unavailable in Dhaka. The Arcade is poised to host both local and international brands intertwined with various other retail outlets. All essential features of present-day aesthetic and architectural modes in vogue today are incorporated in the Arcade design, with a physical structure designed to provide maximum ease and comfort. The architectural concept has been executed so luxuriantly yet efficiently that it incorporates only 39 percent of total space for shops. The remaining floor space is shared among safety facilities, rest rooms and in creating visual and cultural impacts, in ideal proportions at each of the 7 floors. This is the only shopping mall in Dhaka that offers an adequate number of fire-stairs, sprinklers, and fire-fighting facilities, conforming to international standards. In addition, the Arcade boasts loading docks for retailers to facilitate transportation of goods along with separate lifts to carry goods. Each shop is located in such a manner that all shops are equally visible from every major circulation node of the mall.

Aesthetic implication of the design

The highly functional design of the Arcade is a fusion of contemporary aesthetic diction and the traditional cultural ambience of our country; Abohoman Bangla. The overall design provides for the best ease-of-use systems possible in a consumer-friendly environment. The entire complex, including the 5-Star and 3-Star hotels and the access to and from the airport hotel, is extremely well-designed, providing an entirely new and versatile international environment to the Arcade. The surrounding landscaping and easy access to the 1200 car parking space ensures maximum comfort and easy movement of traffic with a separate link-road off the highway. Overall, a modern architectural design blends national and international elements and incorporates national motifs in a world class structure.

Special features

-Open air entrance car park and a separate 1200-car covered car park.
-Internal short term ground-floor parking for 150 cars.
-Wide internal roads for easy vehicular movement.
-Separate drop-off and pick-up facilities for cinema and entertainment floor with direct access to ground floor car park.
-Integral part of Holiday Inn Dhaka.
-Adjacent to 5-star Intercontinental Dhaka (on the same premises).
-Conveniently located drop-off and pick-up points.
-Spacious lobby at the entrance with integrated support service and information centre.
-Space for shops and space for utilities, leisure and circulation proportionately distributed according to the best international standards.
-A centrally located separate area on each floor for display of products and sales promotions.
-Seating areas for shoppers on each floor at convenient locations.
-A versatile shopping ambience with 9 lift including 3 capsule lifts, 4 pairs of escalators,
-8 fire stairs and 3 extra large service lifts for goods.
-Separate lifts for shoppers and transportation of goods.
-Toilets for ladies and gents at two separate locations on each floor.
-Food courts and restaurants on the entertainment floor.
-Coffee shops and fast food outlets on all floors.
I-ntegrated, well coordinated management system for car parking, information, lost and found, safety and security services.
-Located at the gateway to the country with the international airport in the ambience of an international hotel.
-Advanced security and safety systems, including auto-activating fire sprinklers.
-Fire stairway within 75 meters from any point on each floor.
-Wide reception area with information centre.
-Uniform and integrated internal signage and decor to ensure the highest standards of look and functionality.
-Close circuit surveillance managed by trained surveillance crew.
-Arrangements for prayers at convenient locations.
-Central air-conditioning with uninterrupted power supply arrangements.
-Uninterrupted power supply for air-conditioning and lighting.

Location

The site of the shopping arcade is adjacent to the Zia International Airport on the Dhaka-Tongi highway, which connects the entire northern area of the country with the capital. The location is, at the moment, at the geographical center of the city which is invariably expanding towards the north-east beyond Tongi. The complex is well projected into the near future providing an international ambience with world class facilities at affordable prices.

The Shopping Arcade sits neatly on an area of more than 6 acres as an integral part of the 3-Star Holiday Inn Hotel, extending towards the east and merging into another 8.32 acres of the 5-Star Intercontinental. With the Mohakhali and Kamalapur-Shajahanpur flyover as well as Savar-Ashulia connecting road, the location will provide even better accessibility to customers from beyond Uttara-Baridhara-Gulshan to Dhanmondi, Mirpur, Pallabi, Savar towards the north-south parts and from the older parts of the city in the south. The location is also the gateway to the northern part of the country including the adjacent districts of Gazipur, Tangail, Sirajgonj, Jamalpur, Mymensingh, Sherpur and Netrokona, most of the area being only a two to three hours’ drive away. The project is situated at the gateway of the capital beckoning the customers to a unique international shopping and entertainment experience.

once you are at the website, look at the top left corner of the screen, gives you a virtual tour of the complex.

http://www.ipcobd.com

[Tmac]

The Westin Dhaka, the 250-room 5-star hotel, is nearing completion. The works on interior decoration are now in progress.

Construction of the US$ 36 million 25-storied hotel, which commenced in November 1998, was scheduled to be completed in June 2002. Had there been no non-cooperative actions by RAJUK following change of government in 2002, the hotel would have been in full operation by now.

Unique Hotel & Resorts Ltd., a unit of Unique Group, is sponsoring a 5-Star business hotel namely "The Westin Dhaka" at Gulshan, Dhaka in Joint Venture with world famous Starwood Hotel and Resorts Worldwide Incorporated of America.

Located at Gulshan Model Town, the hotel project has been taken in hand with a view to primarily cater to the needs of increasing number of foreign travellers including officials of aid agencies, multilateral funding institutions, multinational power, oil and gas companies and the up scale business travellers and Tourists.

Starwood Hotels and Resorts Worldwide Inc., USA is participating in the equity, rendering technical supports and management of the implementation of the operation of the hotel under the Brand name of "Westin" and this "Westin" brand name is well known in the field of hospitality industry as the leading brand of very high standard.

The under construction business hotel will have all the modern facilities of international standard to attract tourists and contribute to the growth of hospitality industry of the country. "The Westin Dhaka" will have about 17, 325 sq.ft (1,600 sq.m.) land area, 3,44,600 sq.ft (32,000 sq,m.) floor area, 242 guestrooms with heavenly bed, large lobbies, banquet hall, business development centres etc.

Amenities : The hotel project has been designed in a way that will optimize the utilization of the available space considering functional, aesthetic and costing aspects.

The hotel will have the following functional facilities: Swimming Pool, Health Club, A banquet/grand ball room, A coffee shop, A pool side restaurant and Two specialty restaurants.

In addition to the above, three levels of basement for parking of 150 vehicles, electrical and mechanical rooms, central storage and staff locker room etc. will be available.

The complex will also provide space for kiosks and a luxurious roof top multipurpose room with an option of restaurant facility/meeting room/functional hall in the background of Dhaka's evergreen skyline.

The Project will involve a total investment of about US$ 36 Million. Starwood Hotels and Resorts Worldwide Inc. has invested 10 per cent in equity and the sponsor is currently contributing the rest. The company is expected to go for public issue of share. International Finance Corporation (IFC) and OPEC Fund for International Development will advance US$ 8.75 million and 3.00 million respectively as loan in the Project. A local banking consortium headed by Janata Bank will invest the remaining debt amounting to US$ 6.25 million.

Mohammad Noor Ali, major owner of Unique Group of Companies is the prime sponsor of the proposed project. Unique Group is a conglomerate of companies having diversified business activities. The Group consists of 12 companies.

The Sponsors intend to hold at least 51per cent of the total equity.

The General Manager would take up his position by the middle of the current year. Soft opening of the hotel is expected to be held in December.

http://www.starwoodhotels.com/westin...ropertyID=1394

[Tmac]

Extension project of Pan Pacific Sonargaon commences

Dhaka : The extension project of Pan Pacific Sonargaon commenced with the laying of the foundation of the project at the Swimming Pool area of the hotel on February 23. Hotel sources said, "The project has been taken up by the owning company of the hotel to make it more competitive and to up-keep the world-class services to its guests." Mirza Fakhrul Islam Alamgir, State Minister for Civil Aviation and Tourism, laid the foundation stone as chief guest while Member of Parliament Mosaddek Ali was present at the function as special guest.
The function was also addressed by Harunur Rashid Bhuyan, Managing Director of Hotels International Ltd., owning company of Pan Pacific Sonargaon and Grant J. Gaskin, General Manager of the hotel: Phase-1 of the Extension Project includes three-level underground Parking Lot, Peripheral Road, Retaining Wall and Boundary Wall, Brand New Laundry Plant and foundation for a Multipurpose Convention Hall with ancillary services as well as keeping provision for Tower Block, which will add new guest rooms in future.
The project is being implemented by joint venture of Al-Amin Construction Company Ltd. Dhaka and K-Tech Construction Public Company Ltd. of Thailand as its Contractor. The Consultants appointed for the work are: Development Design Consultants Ltd. (DDC) Dhaka, South East Asia Technology Company Ltd. (SEATEC) of Thailand, Inter Design Company Ltd. Thailand and P49 Design Woodhead International Thailand. A news agency adds: The implementation of Phase-1 of the project will particularly meet the demand of parking area of the hotel. A total of 450 cars can be parked in the under-construction three-storied basement Parking Lot. This Phase-1 of the Extension Project is expected to be completed in 18 months.
The extension project will be implemented in the east of the hotel taking about 1.7 acre area. The total coast of the project would be about Tk 66.64 crore. The hotel authorities told the news agency that they are trying to improve the exterior of the hotel including the project. They have submitted an application to the concerned authorities demanding 1.07-acre area east of the hotel.

http://www.bangladeshmonitor.net/hot...hp?recordID=78

[Tmac]

Kingdom executive due in Dhaka Apr 17

A top executive of the Kingdom Group owned by the Saudi prince Alwaleed Bin Talal is scheduled to arrive in Dhaka on April 17 to buy Pan Pacific Sonargaon Hotel at ‘any internationally accepted’ price.
Sources in the board of investment said Nikos Hadjos, vice president of the group, is set to discuss with the government leaders and officials concerned to work out the modality to purchase outright the Sonargaon hotel or Sheraton hotel.
However, sources in the ministry of civil and tourism which owns the five-star hotel, added that the government is yet to make up its mind whether to sell the hotel.
Prince Alwaleed Bin Talal bin Abdul Aziz Al Saud, the fifth richest man in the world, expressed his interests in buying the Sonargaon during his visit to Bangladesh in March last year and assigned his top executive to maintain contact with the government of Bangladesh.
Apparently perturbed by delays in the process since then, the Kingdom Group officials have once again reminded the government officials to initiate the process and even sought intervention by the foreign minister, M Morshed Khan, to help expedite the process.
‘They want to start the process of investing in Bangladesh through outright purchase of a five-star hotel, be it Sonargaon or Sheraton. This time, we have to tell them something very clearly,’ a top executives of the board of investment told New Age.
During the correspondence with the board, the Kingdom Group executives assured that they were ready to offer any price suggested by an international expert to buy the hotel.
A high-level committee, constituted by the prime minister’s office, submitted its recommendations on selling the hotel to the Saudi prince. Any directive is yet to be given to the civil aviation and tourism ministry in this regard.

http://www.newagebd.com/busi.html

[Tmac]

Bangladesh cabinet approves 1 billion USD investment proposal by Kingdom Hotels

DHAKA (AFX) - The cabinet today approved an offer by Kingdom Hotels Investments to spend as much as one billion dollars to build hotels and resorts in the country, a government statement said.

The cabinet, led by Prime Minister Khaleda Zia, discussed a KHI proposal to invest in the luxury Sonargaon Hotel, the country's biggest, in the capital Dhaka and also approved its plans to build new hotels, the statement said.

Saudi tycoon Prince Alwaleed bin Talal, who owns a majority stake in KHI, visited Bangladesh last November and made a formal proposal to invest in the country's fast-growing hotels and tourism sector.

'The KHI in its proposal said it would invest one billion dollars in the country's tourism and infrastructure sectors,' Mohammad Lutfullah, a senior officer at the government's Board of Investment told Agence France-Presse.

The company would like to buy the Sonargaon Hotel and transform into a Four Seasons Hotel. Alwaleed bin Talal is the principal owner of the hotel chain.

Pan Pacific Hotels currently runs the Sonargaon but its contract expires in 2007.

http://www.forbes.com/finance/feeds/...fx2626316.html