Jones Lang LaSalle Quits Role in Sale of Pakistan-Owned Roosevelt Hotel in New York – What’s Next?
Jones Lang LaSalle Quits Role in Sale of Pakistan-Owned Roosevelt Hotel in New York – What’s Next? Published: July 25, 2025 Author: Financial Insider Blog | 📍 Introduction One of the most valuable foreign assets of Pakistan, the Roosevelt Hotel in New York City , is once again in the headlines. The 100-year-old landmark building, located near Grand Central Station , is owned by Pakistan International Airlines (PIA) and is currently up for partial sale. But in a surprising twist, the global real estate giant Jones Lang LaSalle (JLL) has resigned from its advisory role on the sale process, citing a possible conflict of interest . So, what does this mean for the future of the Roosevelt Hotel? Will this decision delay Pakistan’s ambitious privatization plan under the IMF-backed $7 billion reform program ? Let’s dive deep into the situation and understand what’s happening, what’s at stake, and what’s next. 🏨 What Is the Roosevelt Hotel? The Roosevelt Hotel is not j...