Agreement reached for Hilton Trinidad to remain open

Em­ploy­ees of Hilton Trinidad can breathe eas­i­er for the next six months at least with the sign­ing of a new agree­ment be­tween Gov­ern­ment and the in­ter­na­tion­al lux­u­ry ho­tel chain.

Af­ter months of un­cer­tain­ty, the deal will en­sure that the Hilton Trinidad & Con­fer­ence Cen­tre re­mains un­der Hilton’s man­age­ment while own­er­ship of the prop­er­ty, which was opened in 1962, stays with the State.

Gov­ern­ment, through the Evolv­ing Tec­Knolo­gies and En­ter­prise De­vel­op­ment Com­pa­ny Lim­it­ed (e TecK), an­nounced to­day that it has ac­quired all is­sued and out­stand­ing shares of Hilton In­ter­na­tion­al Trinidad Lim­it­ed un­der a Share Pur­chase Agree­ment.