Showing posts with label Hotel Roosevelt. Show all posts
Showing posts with label Hotel Roosevelt. Show all posts

Saturday, November 30, 2024

PETER ST ONGE: New York rents out entire migrant Hotel [the Roosevelt] to bailout Pakistan

The city of New York pays $220 million to rent the entire Roosevelt Hotel in Manhattan to house illegal migrants. The hotel is owned by the government of Pakistan, and the deal was part of a $1.1 billion IMF bailout package to help Pakistan avoid defaulting on its international debt. Prior to this sweetheart deal, the hotel had been closed since 2020, having long struggled with occupancy and in dire need of renovation.