Details of Hilton sale coming soon

Government will provide full details of the sale of the Barbados Hilton Resort “very soon”, Minister of Tourism Richard Sealy has promised.

There has been mounting pressure on the Freundel Stuart administration to make public, the details of the announced deal, following reports that the hotel had been sold for less than expected.

Pressed today for an update, Sealy would only say that talks were ongoing with a buyer “and there will be more to say when it is appropriate to do so”.

“Numerous parties have displayed an interest and the process by which the partner was selected was completely transparent. There is someone who we have been talking to, yes,” Sealy told Barbados TODAY.

“It is at an advanced stage and we continue to advance those discussion and we will be, of course, discussing publicly exactly where we are going in that regard,” he added.

The opposition Barbados Labour Party (BLP) has been calling on Government to reveal the full details and process for the sale of the Needham’s Point property.

Shadow Minister of Tourism Ronald Toppin said in Parliament this month that reports suggesting that the recently refurbished hotel had been sold for US$80 million, US$20 million less than Minister of Finance Chris Sinckler’s stated price, was reason enough for the administration to be transparent with the transaction.

“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 had 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.”

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

It was at the same sitting of Parliament that Minister of Housing Denis Kellman had accused the BLP of using two of its political candidates who sit on the board of the National Insurance Scheme to block the Hilton sale, although he provided no evidence to support his claim.  .

In his Budget presentation on May 30, Sinckler had said Government would only accept offers in line with the hotel’s real value and expected “no less than BDS$100 million as the net proceeds from the sale, taking into account the liquidation of existing debt liabilities attached to the property”.

49 Responses to Details of Hilton sale coming soon

  1. Pat Clarke December 30, 2017 at 2:34 am

    We need to find a way to stop them from selling the last thing we have left in this country that is ours. Mr. Commissiong, can you do something for us please.

    Reply
  2. Tony Webster December 30, 2017 at 5:00 am

    This is the outcome of living offa a credit card. A maxed-out one.
    Never argue wid ‘rithmetic…even if you play wid economics, and lotta long-talk.

    Reply
  3. hcalndre December 30, 2017 at 5:58 am

    Is PM Stewart, MOF Sinckler and Richard Sealy the sole owners of the Barbados Hilton? that they can make deals unknown to the public. If so, then they can do what they please, the sale price that is tossed around is said to be US100m so there is $20m US that seems to be lost in the shuffle. Mr Comissiong can you please do something to stop these 3 madmen in their tracks?

    Reply
  4. Deborah King
    Deborah King December 30, 2017 at 7:41 am

    MORE LIES.

    Reply
  5. Sue Donym December 30, 2017 at 7:48 am

    Certain aspects of a negotiation over public property can’t be regarded as secret! Mr Toppin is on the money with his questions.
    We’re not asking for details of the buyer’s medical records but we need to know that the person(s) taking home the family silver didn’t win it over a road tennis wager.
    We won’t want to hear that the proposed owner benefited from a deep friends-and-family discount or is hiding behind a shell corporation established for the sole purpose.

    Reply
    • hcalndre December 31, 2017 at 2:17 pm

      Sue Donym; bajans also want to make sure that they are not shady characters.

      Reply
  6. Eddy Murray
    Eddy Murray December 30, 2017 at 8:16 am

    This remind me of the slave trade, where the black people use to sell the young strong men in the villages to the white people for little money. Now we turning over the whole country back over to the same slave masters again. We then turn round and have to pay the same slave masters the work taxes, to keep them employed. So who we fooling?

    Reply
    • Eddy Murray
      Eddy Murray December 30, 2017 at 8:17 am
      Reply
    • Ali Baba
      Ali Baba December 30, 2017 at 2:46 pm

      BUT EDDY WE HAVE SLAVE RUNNING THE COUNTRY, WHY U THINK THE ELITE FEW AIN’T RUNNING FOR OFFICE, LIKE THE COWS / BIZZYS MOLONYS/ BJARKAHMS/ TEMPROS/ DASILVS/ ….WHEN THOSE ELITE TELL THE SLAVES JUMP, THEY DON’T ASK HOW HIGH…DEM JUST JUMP UP IN DE TAXPAYERS DOUGH

      Reply
      • jennifer December 31, 2017 at 11:00 am

        Well stated Ali Baba. ONLY IDIOTS CAN’T C ANY OF THIS. AND ALI BELIEVE THIS OR NOT MORE SLAVES COMING TOO AFTER ELECTIONS>>>>>>>regardless. This people have a very serious weakness = SERVICE AND SERVITUDE.

        Reply
    • Eddy Murray
      Eddy Murray December 30, 2017 at 5:11 pm

      You sure they’re slave masters.

      Reply
    • jennifer December 31, 2017 at 11:02 am

      Spot on Eddy M on your 8:16. It is called REGRESSION.

      Reply
      • jennifer December 31, 2017 at 11:05 am

        Some part of the education was withheld from this people.

        Reply
  7. Hermine Alleyne
    Hermine Alleyne December 30, 2017 at 8:25 am

    Too late you always putting the cart before the horse. Its a done deal there is nothing we can do,you already gave it away.

    Reply
  8. Ralph W Talma December 30, 2017 at 8:26 am

    Please do not sell the Hilton Hotel. If we are really that short of money, then the people might accept a sale of 49%; thereby ensuring that some of the future profits will still be returning to our Treasury.

    Reply
  9. Arthur Collymore
    Arthur Collymore December 30, 2017 at 9:16 am

    You sell the people’s property in the blackness of night at a knock-down price & will now choose to tell them after the fact? Since you’re about disclosures at this late stage, please tell us what the negotiators pocketed for giving away the family silver.

    Reply
    • Ali Baba
      Ali Baba December 30, 2017 at 10:02 am

      ARTHUR WE LOSS ABOUT 110 MIL , LETS SAY DE KANGAROO SLAVES POCKET 5MIL IN KICK BACKS…THE NEW OWNERS RAN AWAY WID DE SILVER DISH AND SPOON…HAHAHAHAHA

      Reply
    • Gillian Skeete
      Gillian Skeete December 30, 2017 at 10:42 am

      Ali Baba what ever they selling off for next to nothing you can bet they are shareholders in those sold properties so they won’t lose anything only the tax payers will lose. Wake up Barbados

      Reply
      • jennifer December 31, 2017 at 11:06 am

        This people real far from waking dear.

        Reply
    • Ali Baba
      Ali Baba December 30, 2017 at 2:33 pm

      Gillian Skeete YEA GILL I’M WELL AWARE……VERY AWARE

      Reply
  10. MArk Anthony
    MArk Anthony December 30, 2017 at 9:17 am

    Jail

    Reply
  11. Ali Baba
    Ali Baba December 30, 2017 at 9:25 am

    WHEN WANNA PAY OFF WHO WANNA OWE 160 MIL FROM SALE OF HILTON..LETS SAY 45MIL LEFT BACK =LETS SEE 45MIL DIVIDED X 16= 2,851, 500….WOULD BE AH GREAT NEW YEAR FA GIFT WANNA OUT DE TAXPAYERS

    Reply
  12. Clive Walrond
    Clive Walrond December 30, 2017 at 9:28 am

    Lol

    Reply
  13. Errol Rayside
    Errol Rayside December 30, 2017 at 9:52 am

    FU_K you

    Reply
  14. Rawle Spooner
    Rawle Spooner December 30, 2017 at 10:06 am

    Yeah public gine hear details about sale but after it’s sign seal and delivered to buyer which by then is too late,the horse already bolted from barn and there will be nothing anyone can do but complain.

    Reply
    • Gillian Skeete
      Gillian Skeete December 30, 2017 at 10:43 am

      Vote them ALL out

      Reply
    • hcalndre December 31, 2017 at 2:30 pm

      Rawle Spooner; selling the Hilton that is established and they say is profitable and building the Hyatt a mile away, something fishy here, Classic.

      Reply
  15. James Austin Bynoe
    James Austin Bynoe December 30, 2017 at 10:17 am

    Will be remembered for destroying barbados soon

    Reply
  16. Ziggy Blessed
    Ziggy Blessed December 30, 2017 at 10:24 am

    Wunna should sell George Street and the simple cheesey national monument up by the garrison……never see nothing so tacky in my life but then again it’s a reflection of wunna ability anyway.

    Reply
    • jennifer December 31, 2017 at 11:11 am

      Yep. Then look at that monument CAREFULLY and WHAT it represents. Stupid lot.

      Reply
  17. Larry DjLj Kinch
    Larry DjLj Kinch December 30, 2017 at 11:17 am

    Selling one of the few assets that we get a return. But at a price below value. Guess this goes along with more of the impractical policies of this administration

    Reply
  18. Cuthbert Lucas
    Cuthbert Lucas December 30, 2017 at 11:36 am

    Sealy,tell me if you are going out of the business of running hotels why do you want to build one in the city why Sam Lord’s.what you are doing now should have been done in the first place

    Reply
  19. Pullhead Davis
    Pullhead Davis December 30, 2017 at 11:54 am

    Yep I would expect the details the day after the elections

    Reply
  20. Brian Hurley
    Brian Hurley December 30, 2017 at 12:10 pm

    These Cart before Horse antics are not acceptable.

    Reply
  21. Antonio Cozier
    Antonio Cozier December 30, 2017 at 12:47 pm

    We should have heard the details up front not after the fact

    Reply
  22. Heather Cole
    Heather Cole December 30, 2017 at 1:20 pm

    Trying to save face will not work this time. It worked for a year when he pulled a stunt jumping into the sewage laden sea. The people need answers now and a stop of the sale of the Hilton Hotel.

    Reply
    • Ali Baba
      Ali Baba December 30, 2017 at 2:35 pm

      MISS COLE, STOP SALE!!! HEHEHEHEHE WHA GINE HAPPEN WID DE KICKBACKS/ SIDE KICK ETC. THE GREEDY MORONS ACCEPTED? HAHAHAHAHA

      Reply
  23. Outside Looking In December 30, 2017 at 5:40 pm

    Clearly no financial assessment has been carried out and published. Assuming the sale is for 100mUSD then we need to know what’s the net to government. Plus what is the on going income generation ( land taxes, corporation taxes, employers NI etc.

    Reply
  24. Ian Walcott
    Ian Walcott December 30, 2017 at 8:18 pm

    Why the secrecy?

    Reply
  25. Zelma Ward
    Zelma Ward December 30, 2017 at 9:39 pm

    Amen

    Reply
  26. Devon Sealy Zico
    Devon Sealy Zico December 30, 2017 at 11:27 pm

    He is a real jorker man

    Reply
  27. Arlington Andrews Farley
    Arlington Andrews Farley December 31, 2017 at 12:42 am

    The rightful owners of the Hilton should have been told how much the property was going to be sold for, All this time and no one can tell the People how their Property fetched from the sale.?????

    Reply
  28. George Hutchinson
    George Hutchinson December 31, 2017 at 10:10 am

    Got to make up a story to try and BS us !!

    Reply
  29. Darson December 31, 2017 at 5:29 pm

    My Question is what is the yearly Earnings from Rent? can we rebuild a similar property for the cost of the sale , are we ready to part with a property that is so close to our military Headquarters , how much will the Government have to pay Annually to use the same facility . For the record : I am not in favour of the Sale , was not in agreement with the demolition of the original Independence Symbol , A great piece of our Heritage was destroyed then , and $ 100,Mil Us is not even close to real market value ,this is really poor decision making . think it over guys < not in favour.

    Reply
  30. Darson December 31, 2017 at 5:30 pm

    That land Alone is worth 100 Million

    Reply

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