As a key player in Pakistan’s real estate sector, Faisal Town Group has made a groundbreaking move by acquiring Lahore’s historic Services International Hotel (SIH). Faisal Town Acquires SIH to transform it into a world-class five-star hotel, marking a significant milestone in the country’s hospitality industry.
Privatisation & Acquisition of SIH
The privatisation of SIH was successfully concluded in November 2024, with Faisal Town emerging as the highest bidder in an open auction conducted by the Privatisation Commission (PC). This acquisition underscores Faisal Town’s vision of reshaping Pakistan’s urban and commercial landscape with high-end developments.
Strategic Location & Historical Significance
SIH is strategically located on Shahrah-e-Quaid-e-Azam (Mall Road), Lahore, a prestigious area known for its blend of colonial-era architecture and modern commercial developments. The hotel has been a prominent landmark in Lahore’s urban setting, and its redevelopment signifies a shift towards modern luxury while preserving the city’s historic charm.
Faisal Town’s Vision for Redevelopment
In an official statement, Faisal Town confirmed the acquisition and outlined its plans for transforming the property into a luxury destination:
“We’re thrilled to announce the acquisition of the iconic Services International Hotel on Mall Road, Lahore. This is just the beginning — as we transform this historic landmark into a world-class 5-star luxury hotel, we’re also gearing up for a series of ambitious nationwide projects.”
This redevelopment aligns with Faisal Town’s commitment to raising the standards of hospitality infrastructure in Pakistan, catering to both international travelers and domestic tourism.
Addressing Lahore’s Growing Hospitality Needs
Lahore’s hospitality industry has long struggled to meet the growing demand for high-end accommodations, and this project is set to bridge that gap. With increased tourism, corporate events, and international travel, the redevelopment of SIH will introduce a new five-star hotel operator to the Pakistani market.
Faisal Town is currently in negotiations with an internationally renowned hotel chain to manage the property. While details of the agreement are yet to be finalized, this move could pave the way for further collaborations between global hospitality brands and local developers in Pakistan.
Project Details & Architectural Significance
The approved redevelopment plan features a 245-foot-high luxury hotel, making it one of the tallest structures in the vicinity. The design will incorporate advanced engineering solutions to seamlessly integrate modern architecture with Lahore’s historic urban landscape.
One of the key features of this redevelopment is multi-level basement parking, a crucial addition to address the parking challenges that commercial properties on Mall Road often face. The project is expected to set new standards in luxury hospitality, creating an unmatched experience for business and leisure travelers.
Economic & Urban Impact
The transformation of SIH into a five-star hotel will have significant economic benefits, including job creation in construction, hospitality, and related industries. Additionally, the project is expected to attract both local and international visitors, further strengthening Lahore’s position as a leading business and tourism destination.
However, integrating a contemporary high-rise structure into Mall Road’s historically rich environment will require careful planning and stakeholder engagement. Faisal Town Group, known for its commitment to high-quality urban development, will collaborate with urban planners, heritage experts, and city authorities to ensure the project enhances Lahore’s architectural and cultural heritage while introducing modern hospitality excellence.
Project Timeline & Future Prospects
Currently in the planning phase, construction of the five-star hotel is expected to begin in the fourth quarter of 2025. Given Faisal Town’s track record of successful developments, this project is set to be a game-changer for Pakistan’s hospitality sector and a benchmark for private-sector-driven urban transformation.
Conclusion
The redevelopment of Services International Hotel by Faisal Town Group marks a significant milestone in Pakistan’s real estate and hospitality industry. This visionary project will not only elevate Lahore’s tourism landscape but also contribute to economic growth and job creation. With its strategic location, world-class amenities, and international collaborations, this five-star hotel is poised to become a landmark of luxury and excellence.
As part of Yakoot & Marjan Real Estate, we take immense pride in this initiative and look forward to witnessing Faisal Town’s continued contributions to Pakistan’s urban transformation.