Mövenpick Hotels & Resorts has signed an agreement with Future Development Holdings Limited to construct their fourth Mövenpick Hotel & Residences in Capital Smart City Islamabad.
Mövenpick Hotels & Resorts is a hotel management company headquartered in Baar, Switzerland. It is owned by Mövenpick Holding and the Saudi-based Kingdom Group.
Mövenpick Hotels & Resorts is set to operate its hotels by 2023 to grow the hospitality and attraction for the residents and investors. The Hotel will consist of 250 hotel rooms and 150 serviced apartments, four dining venues, meeting halls, a fitness center and two swimming pools.
Mövenpick is already successfully operating Mövenpick Hotel in Karachi and has two more developing hotels in other prominent cities in Pakistan. Mövenpick Hotel Centaurus Islamabad will start operating by 2019, and Mövenpick Hotel & Apartments Lahore is planned to be launched in 2021.
Due to agreements signed between the international companies in the ongoing project in Pakistan, Capital Smart City is bound to get attention from locals and Pakistanis living abroad thus further increasing the appeal and the sales of the society.
Not only the hotel venture will provide unrivaled enjoyment and hospitality to its guests, the infrastructure and architecture alone will contribute hugely towards the making Capital Smart City an alluring and desirable project.
Getting business from this sort of highly reputable global company and getting the coverage of this news by international media has been beneficial not only for the housing venture but has also made an announcement to rest of the world that it’s far very profitable and secure to put money into Pakistan.
It opens the doors to new trades with other international companies. It additionally performs an important element in softening the picture of Pakistan on a bigger scale.