The previous article delved into the published information on the three existing State-owned hotels and juxtaposed that with the proposals for a Tobago Sandals. Apart from the unsatisfactory position with the State’s existing hotel investments and the reluctance to give details, I also updated readers on the missing MoU for the Tobago Sandals project.
My dismal readings were based on the very limited publicly-available information, nothing else. I did not refer to any rumours or ‘inside information‘, my work is all based on the published record. The PM and his colleagues surely have ready access to a better quality and quantity of information than the public. That being the case, it begs the question as to what is really happening here.
If indeed, the Sandals project has significant upsides and benefits, those ought to have been estimated and shared by now. If the existing State-owned hotels are doing well, why aren’t the management agreements or accounts published? If those hotels are doing poorly, why are we persisting with that same model? Continue reading “Property Matters – Sandals MoU? Part three”