PHOTO: reutersThe government on Monday decided to hire a firm for giving Roosevelt Hotel in New York on lease, in a decision that may ensure the best use of the idle asset located at the most prized place. The Cabinet Committee on Privatisation (CCOP) reaffirmed its earlier decision on Roosevelt Hotel, said the finance ministry. Roosevelt Hotel faces the threat of being declared as a heritage building by the local authorities in New York. PIA-IL, the parent company of Roosevelt Hotel and wholly owned subsidiary of PIAC, engaged services of Deloitte to conduct a feasibility study. The Privatisation Commission tabled a summary related to the privatisation of Services International Hotel.
