PROJECT TYPE: SUSTAINABLE GREEN ECOTOURIST 5-STAR HOTEL/RESORT WITH INTEGRATED HOSPITALITY ACADEMY
LOCATION: Gilgit-Baltistan, Pakistan
SUSTAINABILITY PROFILE: Demonstrating an eco-cycle model with integrated solutions for sustainable use of land and natural resources, renewable energy, waste treatment, water and sewage treatment and sustainable building design – a project with human and nature in harmony – promoting Green Ecotourism in Pakistan.
SIZE: 60 rooms (superior, luxury and suites). Maximum 200 persons.
HOSPITALITY ACADEMY: for 40 persons. Academy will be connected to world famous institues and universities in Sustainable ecotourism management
PROJECT LEADER: Dr Sikander Khan
PROJECT ADVISOR: Mrs Elisabeth Berg Khan
PROJECT TEAM: 10 experts
PROJECT AREA: >10,120 m2 (>2.5 acres/20 kanals)
PROJECT YEAR (construction): November 2021 (Tentative)
EXPECTED TIME OF COMPLETION: March 2023 (Tentative)
CAPACITY: About 400
NUMBER OF PEOPLE WORKING ON THE PROJECT: About 150
ARCHITECTS: Tengbom and (Local architects)
ENGINEERING: AFRY and (Local construction & engineering company)
TOTAL COST OF THE PROJECT: US Dollars 6 million (957 million PKR, estimates)
PAYBACK PERIOD: 7 to 9 years
ESTIMATED CONCESSION PERIOD: 15 years
SOURCE OF REVENUE: Revenues from room renting, restaurants, events (such as exhibitions, conferences, workshops, and weddings), surplus power sale to the grid (>1 MW fossil fuels free), sponsoring and donations.
EXPECTED ROLE OF PRIVATE PARTY / INVESTOR: Finance, construct, operate & return the complex after recovering the investment with reasonable agreed interest rate within the concession period to the local landowner/partner.