BLP wants answers on proposed Hilton sale

The opposition Barbados Labour Party (BLP) is calling on the Government to reveal the full details and process for the sale of the Barbados Hilton and any and all other State assets.

Shadow Minister of Tourism Ronald Toppin said the call for transparency in all aspects of these sales comes in the wake of the questions surrounding the recent sale of Blue Horizon Hotel.

“The Government has previously indicated that it intends to sell the Barbados Hilton for US$100 million. What is the process informing this sale? Who is doing the independent valuations? Where is it being advertised for sale? We need to be told by Minister of Finance Chris Sinckler before any further action is taken,” Toppin said.

“The BLP would like to ensure that this hotel, one of the most valuable jewels in the Barbados economic crown since it was originally opened in 1966, is not sold at a cut-rate price like Blue Horizon Hotel appears to have been.”

Toppin said the Government must not, “like a drowning man grasping at any straws”, sell off assets for well below their value.

He added that there should be no doubt in any Barbadians’ mind that the accepted international criteria and standards are being followed in securing the best deal for the country and its citizens at all times.

“Certainly, on the face of it, the Blue Horizon Hotel deal appears to fall short of these standards,” Toppin said.

“We certainly do not want a repetition of the Sandals deal in which that company was granted a half-billion dollars in concessions, but to this date, Barbadians are no wiser as to the other relevant details surrounding that agreement. When things like this happen and the Government refuses to release the details involved, it makes one wonder what they have to hide. There are no details that could be so unpalatable to the public interest that they are to be kept secret,” he said.

14 Responses to BLP wants answers on proposed Hilton sale

  1. Carson C Cadogan August 13, 2017 at 5:19 pm

    This joker is jumping up and down base on lies which he has read in the Nation newspaper.

    Everytime BLP members open their mouth , they send clear signals to the voting public of Barbados that they don’t have a clue what is going on.

    And come general elections next they must be voted back onto the opposition benches once again where they belong.

    Get the facts before you open your trap, Ronald.

    Reply
  2. Roger Headley August 13, 2017 at 7:22 pm

    Carson you have verbal diarrea recently. I wonder who you are that you have the facts? Share with the public if everything is so clean

    Reply
    • Roger Headley August 13, 2017 at 7:28 pm

      Oh and by the way you sound racist and desperate recently. Hold off the ‘coffee’

      Reply
      • Carson C Cadogan August 14, 2017 at 6:52 am

        What is your definition of racist?

        Reply
        • Roger Headley August 14, 2017 at 6:55 am

          Deal with sharing the facts first, then we will get to the racist issue

          Reply
  3. tedd August 14, 2017 at 9:41 am

    blue horizon was valued at 17 million but sold for 5 million, my question is what happened to the other 12 million? i do not believe the buyer would have been given such a steal of a price.

    Reply
  4. Alvin Morris August 14, 2017 at 10:39 am

    Maybe 5 million on paper the remainder in cash. Reminds me of another country where a load of cement was billed at one price but was paid at a lower price, the remainder ended up in somebody pocket.

    Reply
  5. Concerned Man August 14, 2017 at 11:36 am

    I remember an article back in 2010 that elluded to Blue Horizon Hotel, with its 70 rooms. Along with the remaining two Gems Properties, Savannah and TimeOut, had a stated ‘book value’ of Bds $303,278 per room.

    This would have put the sale price at $21,229,4260 Bds$.

    or 10.6 Million USD….

    I find it incredulous that the sale price would come to half of this 2010 price…. In 2017

    To argue the merit of such a price reduction is….. criminal!!!!

    To allow the sale …. irresponsible to say the least….

    Reply
    • Concerned Man August 14, 2017 at 11:52 am

      Silver Sands Hotel… a beach front property I might add… not on the “land” side of the coastal highway…. is selling at a room price of Bds$ 230,769.00.

      At this price Blue Horizon should cost 16 million Bds.

      At purported Bds $10 million it is selling for, the room price will be Bds $142,857.00

      What is fair….

      Reply
  6. Carson C Cadogan August 14, 2017 at 3:28 pm

    The Barbados Labour Party really want something to do, a whole bunch of lies.

    Reply
    • Leroy August 14, 2017 at 3:57 pm

      1. What was Time Out at the Gap assessed value vs market value vs sold price, and which company assessed the value?

      2. What was Blue Horizons assessed value vs market value, and which company assessed the value?

      3. What is the Hilton Hotel assessed value vs market value and which company assessed the value?

      Reply
  7. Carson C Cadogan August 14, 2017 at 5:22 pm

    The Barbados Labour Party have not a clue about the transactions relating to the sale of Blue Horizon, as a result they are doing what The Barbados Labour Party does best.

    They have resorted to Lies, half truths, innuendo, fiction, deception, myth, fabrication, falsehood, anything but the truth of the matter.

    Reply
    • Roger Headley August 14, 2017 at 7:52 pm

      Wow sounds like all wunna politician on any given day. Remember all the Lies, half truths, innuendo, fiction, deception, myth, fabrication, falsehood, anything but the truth of the matter about Clico

      Reply
  8. lillie August 15, 2017 at 1:20 pm

    The biggest and only dummy in Barbados is Carson C Cadogan, why is it the only stuff come out of his mouth is for the toilet, why do they let people like this make comments

    Reply

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