Regent Plaza Hotel in Karachi transferred to SIUT

KARACHI: The Regent Plaza Hotel building has been handed over to the Sindh Institute of Urology and Transplantation (SIUT). A banner of the SIUT Trust Hospital has been displayed on the building located in the Shahrah Faisal area of Karachi.

SIUT plans to buy Regent Plaza hotel for Rs 14.5 billion

This transition means that the well-known hotel will now operate as a hospital. SIUT has not yet released any statement regarding when the hospital will begin providing services.

The purchase of the Regent Plaza Hotel was first reported in September last year when Syed Shabbar Zaidi, a trustee of SIUT Trust, had offered to buy the property for Rs 14.5 billion.

SIUT had made the offer to Pakistan Hotel Developers Limited (PHDL) for purchase of Hotel Regent Plaza in order to convert the same into tertiary-care general hospital.

According to media reports, the hotel comprises 400 rooms with an occupancy rate of 20 per cent for the 2021-22 fiscal year. The five-star hotel in Karachi has been built on a plot measuring 13,200 square yards.

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Speaking to a media outlet, former chairman of Federal Board of Revenue (FBR) and SIUT Trustee Syed Shabbar Zaidi had said that the structure could be converted into a healthcare facility within a span of one year.