Pakistan and United States agree to redevelop Roosevelt Hotel in New York

Pakistan and the US signed a deal today to redevelop New York's Roosevelt Hotel. The agreement helps Islamabad unlock the value of a major overseas investment.

The Government of Pakistan PKPK and the Government of the United States USUS have officially signed a memorandum of understanding to jointly redevelop the Roosevelt Hotel (New York). The agreement, completed today on February 19, 2026, represents a major bilateral effort to unlock the value of one of Islamabad’s most prized overseas investments.
A view of The Roosevelt Hotel in midtown Manhattan in New York City, U.S., February 24, 2025. REUTERS/Adam Gray
A view of The Roosevelt Hotel in midtown Manhattan in New York City, U.S., February 24, 2025. REUTERS/Adam Gray
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