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Reuters

Pakistan, US sign pact to redevelop New York’s Roosevelt Hotel

Published on: February 20, 2026 1:27 AM

Pakistan has signed an agreement with the United States to jointly redevelop New York’s Roosevelt Hotel, according to four official documents reviewed by Reuters and two sources, in a deal between the two governments that will allow Islamabad to unlock the value of one its most prized overseas investments.

The two countries signed a memorandum of understanding on Thursday shortly after Pakistan’s cabinet approved the process, two sources told Reuters.

Filed Under: Pakistan Tagged With: new york, Pakistan, Roosevelt hotel, United States

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