Tourism Promotion Services Ltd (Pakistan)

completed

Tourism Promotion Services (Pakistan) Limited (TPSP) or the company is a subsidiary of The Aga Khan Fund for Economic Development (AKFED). TPSP owns and operates a network of six hotels throughout Pakistan under the “Serena” brand name. With a cost of $75 million, TPSP is developing: - a 213-room hotel building as an extension to the existing Islamabad Serena Hotel; and - an office building of approximately 215,000 square feet of rentable space. Islamabad Serena Hotel is considered the best in the city due to its superior quality, service standards and location. The project will address rising undersupply of hotel accommodation and office space driven largely by the increase in corporate and economic activity in the country.