Minister Saddam Hosein Defends Government’s Plan To Divest Magdalena Grand And Hilton Trinidad

Minister of Land and Legal Affairs Saddam Hosein has defended the Government’s announcement to divest the Magdalena Grand Beach and Golf Resort and Hilton Trinidad, arguing that years of poor management have left both properties in need of significant investment.

Speaking during the budget debate on Monday, he said the Hilton’s condition had deteriorated under the former administration.

Full coverageKamla Persad-Bissessar Announces Plans to Divest State-Owned Assets20 reports

“On this side, Mr Speaker, we are very clear: we are going to sell the assets of the Magdalena. We are going to do it. We are going to do it, Mr Speaker. With respect to the Hilton. The Hilton is a beautiful property, one of the most iconic properties we have in Trinidad and Tobago. But over the years, due to bad, poor management by my colleagues opposite, what was happening, Mr Speaker, is that the asset was deteriorating.”