Govt begins search for buyers of hotel assets

The Gov­ern­ment has of­fi­cial­ly be­gun the process of seek­ing po­ten­tial buy­ers for state-owned as­sets ear­marked for di­vest­ment.

This was con­firmed by Land and Le­gal Af­fairs Min­is­ter Sad­dam Ho­sein yes­ter­day as he re­vealed in­vi­ta­tions for ex­pres­sions of in­ter­est have been is­sued, fol­low­ing Prime Min­is­ter Kam­la Per­sad-Bisses­sar’s an­nounce­ment of plans to sell sev­er­al State-owned as­sets in­clud­ing the Hilton Trinidad, Mag­dale­na Grand Beach and Golf Re­sort, Na­tion­al Quar­ries and the La Brea In­dus­tri­al De­vel­op­ment Com­pa­ny Ltd (Labid­co).

Full coverageKamla Persad-Bissessar Announces Plans to Divest State-Owned Assets23 reports

State-owned Evolv­ing Tec­Knolo­gies and En­ter­prise De­vel­op­ment Com­pa­ny yes­ter­day pub­lished, as news­pa­per ad­ver­tise­ments, re­quests for ex­pres­sions of in­ter­est for the ac­qui­si­tion of the Mag­dale­na Grand Beach and Golf Re­sort and for HotelTT As­set Man­age­ment Com­pa­ny, which is a sub­sidiary of eTecK.