JS Investments, Gohar Developers launch Pakistan’s first Sharia-compliant green hotel REIT

KARACHI: JS Investments Limited (JSIL) and REIT Management Company have partnered with Gohar Group of Companies to launch JS Hotel REIT (JSHR), Pakistan’s first Shariah-compliant hybrid hotel REIT. This features a multinational, globally renowned hotel brand in Hyderabad, Sindh, a statement said on Wednesday.

The fund is now open for investments from both local and international accredited investors. Interested individuals and institutions can reach out to JS Investments to explore participation Following the SECP’s regulatory approvals, JS Hotel REIT reaches a significant milestone with the signing of a strategic investment agreement. The Gohar Group of Companies, through its owners and partners, has joined as a founding strategic investor with an anchor commitment comprising both land and equity contributions.

Anchored by a 139-key premium hotel operated under a franchise model with a global hospitality brand, JS Hotel REIT brings institutional-grade real estate investment to Pakistan’s emerging hospitality sector. Designed with a forward-looking approach, the project incorporates environmentally responsible construction practices, supporting the growing demand for sustainable infrastructure in Pakistan’s urban centres.

Iffat Zehra Mankani, CEO of JS Investments Limited, stated, “As the manager of Pakistan’s first hotel REIT, we are pleased to offer investors a professionally managed and regulated investment vehicle backed by international hospitality standards. This partnership supports our broader vision of creating new asset classes that contribute to Pakistan’s economic and infrastructure development.”

Hyderabad’s growing commercial activity and tourism have outpaced the city’s existing hospitality infrastructure. A premium international hotel brand, now under construction, is set to bridge this gap with world-class services for both business and leisure travellers.

Muhammad Hanif Gohar, chairperson of Gohar Developers, added, “We are proud to collaborate with JS Investments on this pioneering project. By introducing a multinational brand to Hyderabad, we aim to deliver a landmark destination that supports the city’s growth and positions it as a hub for business and tourism.”