LEASE: Long-Term Lease for Tourism and Hospitality Project at Skardu-Kargil Road, Mehdiaabad

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. This notice invites experienced investors, hospitality groups, and entrepreneurs to participate in a long-term lease opportunity for a tourism and hospitality project located on the Skardu-Kargil Road at Mehdiaabad, approximately 90 minutes from Skardu. The property is strategically positioned with direct access to the renowned Manthokha Waterfall, making it an attractive investment for those seeking to develop a boutique hotel, eco-lodge, or integrated hospitality venture in one of Baltistan's most scenic areas. Items being offered for lease: - Existing building suitable for conversion into a boutique hotel with approximately 10 guest rooms - Two spacious halls for dining, conferences, or event facilities - Reception area and supporting service spaces - Approximately 4,000 square meters of land with excellent frontage on the main road - Beautifully developed riverside lawn extending to the edge of the Indus River, offering spectacular views and a tranquil environment - Ideal location for a restaurant, tea lounge, riverside café, open-air dining, gazebos, family recreation area, and overnight accommodation for domestic and international tourists The technical scope includes the conversion and development of the existing infrastructure into a high-quality hospitality facility, leveraging the natural beauty and riverside setting. The site is ideal for investors aiming to attract both domestic and international tourists, with ample space for creative hospitality concepts. Interested parties must submit their Expression of Interest (EOI), including their profile and concept proposal, by 30th August 2026. Shortlisted applicants will be invited for detailed discussions and site visits. For eligibility, investors should demonstrate relevant experience in hospitality or tourism projects and provide a strong concept proposal. Earnest money or bid security requirements are not specified in the notice. A practical tip: Arrange a site visit early to fully appreciate the property's unique features and potential, as this will strengthen your proposal and help tailor your investment plan to the location's strengths.