AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Pakistan Hotels Developers Ltd., a notable entity in the hospitality sector, announced today, September 10, 2024, the relocation of its head office following the sale of its primary property, the Regent Plaza Hotel and Convention Centre. The new office is now situated at Marium Complex in Sharfabad, Karachi.
The company disclosed that the Regent Plaza Hotel, located at 195/2 Main Shahrahe-Faisal, Karachi, has been sold to M/s. SIUT Trust under a Sale of Agreement dated November 13, 2023. Consequently, Pakistan Hotels Developers Ltd. has moved to Office No. 202, on the 2nd floor of Marium Complex, Plot No.59, Survey Sheet No.35-P/1, Survey No.15, in the Bihar Muslim Cooperative Housing Society, Block 3, Sharfabad, Karachi. The new office space is designated to streamline operations and accommodate the strategic needs of the business in a modern facility.
According to information available from the Pakistan Stock Exchange (PSX), the decision for relocation and the sale of the Regent Plaza Hotel and Convention Centre is part of the company’s ongoing restructuring and asset reallocation strategy. This move is expected to impact the company’s operational dynamics and its engagement with stakeholders. The official office landline number at the new location is 021-38887116.
Stakeholders, including THE Certificate Holders of the Exchange, have been advised to update their records for future correspondence to ensure seamless communication and continuity in business relations.