www.tehrantimes.com The biggest hotel of Iran with 700 rooms and a foundation area of 400,000 square meters will be constructed by spending 700 million dollars by the Paad Investing Company which is an international consortium consisting of four Iranian, Turkish, German and UAE companies. This project will be implemented with the cooperation of Tehran’s municipality.
Having 64 floors, this hotel is going to be the tallest hotel in Iran which will be constructed in the city of Tehran. It will be equipped to four helicopter pads. In addition, building of some shopping centers and official complexes near this hotel has been considered in this project.
The people who are involved with this project are currently going through the official processes to get certificate from Tehran’s Municipality in order to start this mega project. Experts estimate that at least five years is needed for the construction of this five-star hotel.
Mohammad Javad Zareiefar, deputy of board of directors of Paad Company, believes that although hotel construction is a long term investment for economic profit, construction of an official and business complex next to this hotel will reduce the period of beneficiary.
This hotel will be constructed on the crossing of Chamran Highway and Mola Sadra Street in Tehran. According to Zareiefar, 30 years ago this land was allocated for construction of a 57-floor hotel. However, due to the Islamic revolution of the 1979, the eight-year war and its aftermath, performing of that project was postponed until today.
“Considering the enormous tourism potentials the city of Tehran has, it is certainly important to build more high-qualified hotels in this mega city,” said Zareiefar. |