Pakistan's first smart city, Islamabad, is a city of the future and Mövenpick Hotels & Resorts is making its move there with its fourth hotel in the country.
Mövenpick Hotel & Residences Capital Smart City, Islamabad is a new hotel operated by the Mövenpick group, which signed an agreement with Smart Properties, an affiliate of leading Pakistan real estate developer, Future Development Holdings.
The hotel, expected to open in 2023, will have 250 hotel rooms, 150 serviced apartments, four dining venues, meeting facilities, a fitness centre and two swimming pools.
"With this new dynamic development set to become the hub for modern commercial activities and major local and international organisations, our newly-signed property will be well-positioned to cater to their needs, from short- to long-term accommodation options, complemented by attractive business and leisure facilities," said Andrew Langdon, global chief development officer, Mövenpick Hotels & Resorts.
He added: "Signing this management agreement is a strategic move that strengthens our cluster development strategy in Pakistan, a country where we have one property in operation and now three more hotels pipelined as we look to leverage the strong growth potential of this relatively untapped market. It also sets Mövenpick on track to become the largest international hotel operator in Pakistan."
Mövenpick's second hotel in Islamabad, Mövenpick Hotel Centaurus Islamabad is scheduled to open next year.
The group currently operates Mövenpick Hotel Karachi and Mövenpick Hotel & Apartments Lahore, scheduled for completion in 2021.