Government identifies state-owned resorts for divestment in Tobago
What happened
The government has identified state-owned properties for divestment. These properties are Hilton Trinidad and Magdalena Grand Beach and Golf Resort in Tobago. Over the past decade (2016 to 2025), the two resorts recorded combined losses of $246.1 million. Magdalena recorded the majority of these losses at $237.6 million, while Hilton Trinidad reported profits in six of the ten years reviewed.
From trinidadexpress.com
Why it matters
The divestment of these state-owned assets provides insight into the financial performance of government holdings within the hospitality sector. This action relates to the broader market in which Marriott International operates.
From trinidadexpress.com
Who's involved
- governmentInitiating the process to divest state-owned properties
- Marriott InternationalInternational hospitality company mentioned in relation to the divestment
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PBS GroupSpeculative
PBS Group might see changes in regional hospitality market prices as assets become available.
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The entities involved
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Marriott International
international hospitality company in Bethesda, Maryland, United States
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government
system or group of people governing an organized community, often a state