French Accor to build 12 hotels in Pakistan

[MirBadshah]

French Accor to build 12 hotels in Pakistan


http://www.dawn.com/2007/05/04/ebr2.htm

By Our Staff Reporter

KARACHI, May 3: French hotelier Accor will build a dozen hotels in Pakistan in a deal with JS Group, a financial services firm, to fill a room supply gap in the mid-range market, reported Gulf News on Thursday.

Accor holds a 25 per cent equity stake in the joint venture that will create 2,400 hotel rooms, Accor Middle East Managing Director Christopher 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.

 

[EagleEyes]

According to French government. They will setup a car production factory in Pakistan and will give other benefits if Merlin deal is approved. Call it a cup of coffee or bribe. I see it as the same thing.

 

[MirBadshah]

This is how international trade works, give and take is always there to creat the trading balance. As long as its win win situation its alright, we need investment, infrastructure and more jobs and thats what we are getting.