SIUT Trust’s bold proposal to convert Regent Plaza Hotel into a state-of-the-art healthcare facility. Learn how this initiative aims to meet Karachi’s medical demands and why it’s essential for public health. Explore the strategic advantages and funding efforts for this transformation.
SIUT Trust’s Proposal to Acquire Regent Plaza Hotel
The Sindh Institute of Urology and Transplantation (SIUT) Trust has made a significant offer of Rs14.5 billion to acquire the Regent Plaza Hotel, located on Shahrah-e-Faisal in Karachi. Their intention is to transform the hotel into a tertiary-care general hospital, according to SIUT officials.
Transformation into a Tertiary-Care General Hospital
The decision to acquire the Regent Plaza Hotel, which is currently the property of Pakistan Hotel Developers Limited (PHDL), has been articulated in a letter from the SIUT Trust. SIUT Trustee Syed Shabbar Zaidi confirmed this proposal, explaining that the 47,000 square feet built structure could be converted into a healthcare facility within just one year.
Addressing Karachi’s Healthcare Needs
Karachi is in dire need of additional tertiary-care health facilities, and the conventional route of acquiring land and constructing such a facility would take a considerable amount of time. In this context, acquiring an existing structure in the heart of the city appears to be the most viable option. Zaidi also pointed out the strategic location of the hotel, in close proximity to several other healthcare facilities, including the National Institute of Cardiovascular Diseases (NICVD), National Institute of Child Health (NICH), and Jinnah Postgraduate Medical Center (JPMC).
Pending Acceptance by PHDL
While the offer is pending acceptance by Pakistan Hotel Developers Limited, Zaidi expressed hope that they would consider the offer in the best interests of the people of Pakistan and individuals from other countries who come to Karachi for the treatment of various complex medical conditions.
Financing the Acquisition
In terms of financing the purchase of the hotel, Zaidi pledged to secure loans and raise funds from the public to facilitate the acquisition of this facility. ” add headings in this content and make sure that the keyword “Regent Plaza Hotel” present in content and also in heading.