State-owned Hilton, Magdalena rack up $246m losses over 10 years
Business
Finance
Politics
October 18, 2026
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State-owned Hilton Trinidad and Magdalena Grand Beach and Golf Resort in Tobago recorded a combined $246.1 million in losses over the past decade.
The Tobago hotel accounted for the majority of these losses with $237.6 million, according to financial figures covering 2016 to 2025.
However, financial records obtained by the Sunday Express reveal a sharp contrast between the performance of the two properties, which have been identified by the Government for divestment.
Business
Finance
Politics
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