Pakistan Rents Out Roosevelt Hotel to New York for $220 Million
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Pakistan has rented out its iconic Roosevelt Hotel to the New York city government for three years, helping the cash-strapped country earn $220 million from the deal.
The New York administration will pay a rent of as much as $210 for each of the 1,025 rooms of the century-old hotel owned by state-run Pakistan International Airlines Corp, Aviation Minister Khawaja Saad Rafique said Sunday.