Roosevelt Hotel gets a surprising new partner: the US government

Just when it appeared Pakistan was back at square one in figuring out the future of the Roosevelt Hotel, an unexpected partner came along: the White House. The federal government signed a pact with the Pakistani government, which owns the site at 45 East 45th Street, to jointly redevelop the famed hotel, Reuters reported. Financial terms of the deal were not disclosed in the memorandum. Notably, the agreement was negotiated by real estate developer and U.S. Special Envoy Steve Witkoff, whose presence has been felt in international diplomacy throughout the past year. The agreement pertains to the cooperation between the […] This article originally appeared on The Real Deal. Click here to read the full story.