Bangladesh Services Limited

Bangladesh Services Limited (BSL) is a public limited company incorporated in Bangladesh on 16 June 1973, with business commencing on 31 October 1973. It is a hospitality company whose capital is 99.6% owned by the Government of the People's Republic of Bangladesh, and it operates under the administrative oversight of the Ministry of Civil Aviation and Tourism. BSL pioneered international-standard five-star hotel business in Bangladesh more than four decades ago and has remained engaged in the hospitality sector since its inception. BSL's flagship asset is the hotel property in Dhaka that has traded under several international brands. From 1973 to 1983 it operated as Hotel Inter-Continental Dhaka under an agreement with Inter-Continental Hotels Corporation. From 1984 until April 2011 it operated as Dhaka Sheraton Hotel under Starwood Asia Pacific Hotels and Resorts Pte Ltd (formerly Sheraton Overseas Management Corporation). From May 2011 the company ran the property as Ruposhi Bangla Hotel until it closed for renovation in September 2014. During that closure, BSL continued to operate VIP lounge services at Hazrat Shahjalal International Airport in Dhaka, used by leading airlines. In February 2012 BSL signed a 30-year management agreement with InterContinental Hotels Group (Asia Pacific) Pte Ltd, renewable in two five-year terms, to manage the hotel. BSL undertook extensive renovation to meet InterContinental brand standards, and the rebranded InterContinental Dhaka was inaugurated by the Prime Minister of Bangladesh on 13 September 2018. Commercial operations resumed on 1 December 2018. Beyond the hotel, BSL's portfolio includes the BSL Office Complex, BSL Residential Complex and the Balaka Executive Lounge. The company is listed on Bangladeshi exchanges under the trading code BDSERVICE with ISIN BD0552BSERV7, and it maintains investor relations disclosures including annual reports, auditor reports, shareholding information and corporate governance compliance materials. Its board consists of nine members, and the Secretary of the Ministry of Civil Aviation and Tourism is associated with its leadership. BSL thus functions as a state-linked hospitality and property company whose history mirrors the evolution of Bangladesh's luxury hotel sector.

Bangladesh Services Limited (BSL) was incorporated on 16 June 1973 and commenced business on 31 October 1973. It was established as a public limited company with the Government of the People's Republic of Bangladesh holding 99.6% of its capital, placing it under the administrative purview of the Ministry of Civil Aviation and Tourism. From its inception BSL was engaged in the hospitality business and pioneered international-standard five-star hotel operations in Bangladesh. The company's defining asset has been its hotel property in Dhaka. From 1973 to 1983 BSL operated the hotel as Hotel Inter-Continental Dhaka under an agreement with Inter-Continental Hotels Corporation. From 1984 until April 2011 the property traded as Dhaka Sheraton Hotel under Starwood Asia Pacific Hotels and Resorts Pte Ltd (formerly Sheraton Overseas Management Corporation). From May 2011 BSL ran the hotel under its own brand as Ruposhi Bangla Hotel. That operation ceased in September 2014 when the hotel closed for renovation. Even while the hotel was closed, BSL maintained a hospitality presence through VIP lounge operations at Hazrat Shahjalal International Airport in Dhaka, serving leading airlines and first-class passengers. This business was not suspended and continued to be operated by BSL. On 19 February 2012 BSL signed a management agreement with InterContinental Hotels Group (Asia Pacific) Pte Ltd (IHG) for a 30-year term, with the option to renew in two five-year periods. To meet InterContinental brand standards, BSL carried out extensive renovation of the hotel. After renovation the property was rebranded, and the Prime Minister of the People's Republic of Bangladesh inaugurated InterContinental Dhaka on 13 September 2018. The hotel began commercial operations on 1 December 2018. Alongside the hotel, BSL's portfolio has included the BSL Office Complex, BSL Residential Complex and the Balaka Executive Lounge. The company is a listed public limited company trading under the code BDSERVICE with ISIN BD0552BSERV7. It maintains investor relations functions including annual reports, auditor reports and financial statements, price-sensitive information, shareholding information, and corporate governance materials such as codes of ethics and business conduct, nomination and remuneration committee activities, and audit committee reports. Its board of directors consists of nine members, and the Secretary of the Ministry of Civil Aviation and Tourism is associated with its governance. BSL's history thus tracks the development of Bangladesh's luxury hotel industry from the early 1970s through the rebranding of its flagship property as InterContinental Dhaka in 2018.

• 2018

  InterContinental Dhaka inaugurated by the Prime Minister on 13 September 2018; commercial operations began 1 December 2018.

• 2014

  Hotel closed in September 2014 for renovation; VIP lounge operations at Hazrat Shahjalal International Airport continued.

• 2012

  On 19 February 2012, signed 30-year management agreement with InterContinental Hotels Group (Asia Pacific) Pte Ltd.

• 2011

  From May 2011, hotel operated as Ruposhi Bangla Hotel.

• 1984

  Hotel began operating as Dhaka Sheraton Hotel under Starwood Asia Pacific Hotels and Resorts Pte Ltd.

• 1973

  Incorporated on 16 June 1973; commenced business on 31 October 1973.

• 1973

  Began operating Hotel Inter-Continental Dhaka under agreement with Inter-Continental Hotels Corporation.

State-backed pioneer of international-standard five-star hospitality in Bangladesh, operating a landmark Dhaka hotel under the InterContinental brand.

• InterContinental Dhaka

  Five-star hotel in Dhaka operated under a management agreement with InterContinental Hotels Group.

• Balaka Executive Lounge

  Executive lounge offering within BSL's hospitality portfolio.

• BSL Office Complex

  Commercial office complex asset.

• BSL Residential Complex

  Residential complex asset.

• VIP Lounge at Hazrat Shahjalal International Airport

  VIP lounge services used by leading airlines and first-class passengers.

1. 1হোম | বাংলাদেশ সার্ভিসেস লিমিটেডbsl.gov.bd
2. 2Description Of The Company | বাংলাদেশ সার্ভিসেস লিমিটেডbsl.gov.bd
3. 3Bangladesh Services Limited At A Glance | বাংলাদেশ সার্ভিসেস লিমিটেডbsl.gov.bd
4. 4বাংলাদেশ সার্ভিসেস লিমিটেডbn.wikipedia.org
5. 5Bangladesh Services Limitedwikidata.org
6. 6অভ্যন্তরীণ ই সেবা | বাংলাদেশ সার্ভিসেস লিমিটেডbsl.gov.bd