Range Hospitality expands operations in the potential Pakistan market
Opens office in Karachi; intends to set up branches in Islamabad and Multan soon
Karachi, Pakistan (March 22, 2012) – Range Hospitality – a progressive Dubai based real estate developer, spreads its wings by opening its first office in Karachi, Pakistan. The company will shortly be setting up branches in Lahore, Islamabad and Multan within this quarter and plan to expand Range Hospitality’s operations in other urban and semi-urban cities across Pakistan.
Shafaat Hashmi, Business Development Director for Pakistan, said: “Considering Pakistan as a potential and prosperous market with a positive outlook, we are promoting our Al Rawdatain Residences hotel here as well to people from all walks of life. And we are sure that the property will attract Pakistanis with 50-years leasehold that Range Hospitality has instituted in the project. Thus as the religious tourism market is one of the fastest growing sectors, we have taken the lead and are confident that people will appreciate Range Hospitality’s offering.”
Designed by Dewan Architects and Engineers, the UAE-based firm behind projects such as Yas Hotel in Abu Dhabi and the Baghdad Rotana Hotel, the new hotel with 624 apartments, will be the largest five-star hotel and residences in Iraq. It will be managed by Shaza Hotels and is a 65,000sqm, G+12 hospitality development. The hotel is conveniently located just one kilometre from the holy shrines. Range Hospitality has secured funding from the sale of off-plan Shariah compliant product over the past 18 months. The group also has an Escrow account with Standard Chartered.
Mr Shafaat added that as the political situation in Iraq is settling, pilgrim numbers are expected to swell and the city’s present facilities cannot cater to their needs. Range Hospitality already has offices in Dubai, London, Karbala, Bahrain, KSA, Karachi and Oman.
About Range Hospitality:
Range Hospitality was founded to develop hospitality projects in emerging markets and areas that benefit from significant volumes of pilgrims. Range Hospitality's ethos is to provide the highest quality of international standard services to its guests and is a socially responsible investor - at all times ensuring its developments adhere to important local customs.