'Core' focus over revised hotel deal

Tue, Nov 30th 2010, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

Efforts to sell the last government-owned hotel have been radically restructured to focus solely on the initial development of the "core hotel and marina", Tribune Business can reveal, a senior government minister confirming that avoiding massive upfront real estate sales to developers was "a philosophy that's going to permeate everything we do".

Implying that the initial Scheck Industries proposal for the Andros-based Lighthouse Yacht Club & Marina had been dropped, Vincent Vanderpool-Wallace, minister of tourism and aviation, told Tribune Business that the Illinois-based developer was still interested in the site and was expe ...

Click here to read more at The Tribune

 Sponsored Ads