Update Who Is The Owner Of Regent Plaza?

The Sindh Institute of Urology and Transplantation (SIUT) Trust is the new owner of Regent Plaza. The Pakistan Hotels Developers Limited (PHDL) board of directors nominated two executives to finalize the sale of the hotel to SIUT. PHDL announced this development in a notice to the Pakistan Stock Exchange (PSX) on Thursday.

SIUT is a renowned non-profit organization that provides high-quality healthcare services to patients in Pakistan. It is known for its expertise in urology and transplantation, and its commitment to providing affordable healthcare to the underprivileged. The acquisition of Regent Plaza is a strategic move by SIUT, as it will allow the organization to further expand its healthcare services and reach more people. The hotel will be used to house patients and their families, as well as to provide accommodation for SIUT’s staff. This acquisition aligns perfectly with SIUT’s mission of providing comprehensive and compassionate care to all who need it.

SIUT’s purchase of Regent Plaza is a positive development for both the healthcare sector and the hospitality industry. It demonstrates SIUT’s commitment to expanding its reach and impact, while also providing a boost to the hospitality sector. The acquisition is expected to generate employment opportunities and contribute to the local economy. It is a testament to SIUT’s commitment to social responsibility and its dedication to improving the lives of people in Pakistan.