Karachi’s Famous Regent Plaza Hotel May Become a Hospital with a Rs14.5 Billion Offer

Karachi’s well known Regent Plaza Hotel located on Shahrah-e-Faisal has been Offered a Whopping Rs 14.5 Billion by the Sindh Institute of urology and Transplantation (SIUT) Trust. What’s interesting is that the SUIT, a healthcare group that helps People, wants to turn this Hotel into a top-notch Hospital.

Here’s why this is a Big deal, The Regent Plaza Hotel is a large Building about 47,000 Square feet in size and the SIUT Trust believes they can Transform it into a fully Functioning Hospital in just one year.

Why do they want to do this? Well Karachi needs more good Hospitals and building a new one from Scratch would take a long time. By using this Hotel they can start helping people much sooner. Plus, it’s in a very Convenient location close to other Hospitals like the National Institute of Cardiovascular Diseases (NICVD) and the Jinnah Postgraduate Medical Center (JPMC).

But there’s a catch ,the people who own the hotel (Pakistan Hotel Developers Limited or PHDL) haven’t agreed to the offer yet. The SIUT Trust hopes they will because it could benefit People in Pakistan and from other Countries who come to Karachi for special Medical Treatments.

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To Pay for this, the SIUT Trust plans to borrow Money and get Funds from the Public which means Regular People might help make this Hospital happen.

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This Hotel isn’t just a Building it has 400 Rooms. Last year 20% of these Rooms were used by guests but the year before only 9% were used because of COVID-19. In the first Nine months of the current year, PHDL made a Profit of Rs45.5 million, which is less than before, about 38.3% less.