We Are Who We Are Because Of Our Forefathers- 9
Sept 16, 2020 (9 of 12) REPLY ADDRESS BY MR. DINSHAW B AVARI ON THE OCCASION TO COMMEMORATE HIS 85 th BIRTHDAY on NOV 5, 1987- “ God has been kind to me. I made money from Beach Luxury Hotel and eventually bought a Hotel in Lahore (Nedous Hotel) on Public auction which I converted from Nedous Hotel to Park Luxury - and I was about to convert it to build the Lahore Hilton. By this time, my son Byram & I had discussed whether we were content in running the Beach Luxury or wanted to grow (and naturally we chose the latter). This then propelled me to say that success does not come without pains or losses... The Beach Luxury in the 50s and early 60s (when we spoke), made its money through cash sales which were not recorded because of the high taxation- and actually became our capital. We agreed that firstly we have to bring all our businesses on the books because without a strong bal...