KARACHI – Roosevelt Hotel, a luxury place in New York and owned by Pakistan International Airlines, has announced to shut its services permanently by October 31 this year.
The hotel originally opened in 1924 and it was taken by the national carrier on lease in 1979 and later purchased in 1999.
The development comes months after the PTI government decided to not sell the iconic hotel located in Manhattan, New York. It had decided to run the hotel through joint venture.
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The hotel in its statement said that the decision has been taken due to economic reasons.
