<P> Beginning in 1979 , the hotel was leased by the Pakistan International Airlines through its investment arm PIA Investments Ltd . ( `` PIA '' ) , with an option to purchase the building after 20 years . Prince Faisal bin Khalid bin Abdulaziz Al Saud of Saudi Arabia was one of the investors in the 1979 deal . In 1999 , PIA exercised their option and bought the hotel for $36.5 million , after a legal battle with owner Paul Milstein , who claimed it was worth much more . In 2005 , PIA bought out its Saudi partner in a deal that included the prince 's share in Hôtel Scribe in Paris in exchange for $40 million and PIA 's share of the Riyadh Minhal Hotel ( a Holiday Inn located on property owned by the prince ) . PIA has since controlled 99 percent interest in the hotel , while the Saudis have only 1 percent . </P>
<P> Beginning in 1979 , the hotel was leased by the Pakistan International Airlines through its investment arm PIA Investments Ltd . ( `` PIA '' ) , with an option to purchase the building after 20 years . Prince Faisal bin Khalid bin Abdulaziz Al Saud of Saudi Arabia was one of the investors in the 1979 deal . In 1999 , PIA exercised their option and bought the hotel for $36.5 million , after a legal battle with owner Paul Milstein , who claimed it was worth much more . In 2005 , PIA bought out its Saudi partner in a deal that included the prince 's share in Hôtel Scribe in Paris in exchange for $40 million and PIA 's share of the Riyadh Minhal Hotel ( a Holiday Inn located on property owned by the prince ) . PIA has since controlled 99 percent interest in the hotel , while the Saudis have only 1 percent . </P>
who owns the roosevelt hotel in new york
who owns the roosevelt hotel in new york
Pakistan International Airlines
Pakistan International Airlines