{"id":22766,"date":"2025-10-10T03:04:16","date_gmt":"2025-10-10T03:04:16","guid":{"rendered":"https:\/\/ipp-news.com\/?p=22766"},"modified":"2025-10-10T03:04:16","modified_gmt":"2025-10-10T03:04:16","slug":"uncertainty-looms-over-roosevelt-hotel","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=22766","title":{"rendered":"Uncertainty looms over Roosevelt Hotel"},"content":{"rendered":"<div>The future of PIA&#8217;s Roosevelt Hotel in the US remains uncertain as authorities continue to deliberate over various options regarding the fate of the historic property located in New York&#8217;s Manhattan.<\/p>\n<p>According to sources, PIA is considering multiple proposals for the site. One option under review is to demolish the existing structure and construct a large commercial plaza in its place. Another proposal suggests retaining the hotel and operating it for commercial purposes through a joint venture to generate profit.<\/p>\n<p>However, the government has yet to appoint a financial adviser for the project. Earlier, a US-based firm that had been engaged by the Privatisation Commission withdrew from providing advisory services for the Roosevelt Hotel&#8217;s future plan.<\/p>\n<p>Last month, the government issued a new tender for hiring a financial adviser. Officials are also reportedly considering reviving or privatising the property through state-owned enterprises with significant financial investment.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The future of PIA&#8217;s Roosevelt Hotel in the US remains uncertain as authorities continue to deliberate over various options regarding the fate of the historic property located in New York&#8217;s Manhattan. According to sources, PIA is considering multiple proposals for the site. One option under review is to demolish the existing structure and construct a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-22766","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/22766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22766"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/22766\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}