The five-star hotel was formerly operated by the Hilton. Trade Minister Stephen Cadiz told reporters Thursday the facility will most likely be opened under a new name.
"Cabinet took a decision to invest an additional US$25 million into the Vanguard property. The decision has also been taken to appoint an operator, but that operator has not yet been appointed," Cadiz said.
Speaking at the post cabinet media briefing in Tobago cadiz said TT$100 million will be spent on construction and modification of the hotel's lobby, which has been damaged from the sea blast.
"We expect to see a fair amount of money from that one project staying in Tobago," Cadiz said.
He also revealed that the State-owned Evolving TecKnologies and Enterprise Development Company (eTecK) has spent about $288 million to get the hotel back up to standard as a five-star facility.
The 200-room resort closed more than two years ago. Hafeez Karamath enginering was involved in the project.
"Cabinet took a decision to invest an additional US$25 million into the Vanguard property. The decision has also been taken to appoint an operator, but that operator has not yet been appointed," Cadiz said.
Speaking at the post cabinet media briefing in Tobago cadiz said TT$100 million will be spent on construction and modification of the hotel's lobby, which has been damaged from the sea blast.
"We expect to see a fair amount of money from that one project staying in Tobago," Cadiz said.
He also revealed that the State-owned Evolving TecKnologies and Enterprise Development Company (eTecK) has spent about $288 million to get the hotel back up to standard as a five-star facility.
The 200-room resort closed more than two years ago. Hafeez Karamath enginering was involved in the project.
No comments:
Post a Comment