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Article: Opposition criticizes St. Lucia government's guarantee of funds to build failed hotel
- Article from:
- AP Worldstream
- Article date:
- May 29, 2003
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Dateline: CASTRIES, St. Lucia
The opposition criticized the government Thursday for guaranteeing
millions of dollars for a French company's failed hotel construction,
and called for the prime minister's resignation.
The 284-room Hyatt Regency Hotel, for which the government guaranteed
Eastern Caribbean $30 million (US$11 million) in cost overruns, was
open from 2000 to 2002 before it was forced into receivership.
The Hyatt was bought out last year by Jamaica's Sandals chain and
renamed Sandals Grande.
The opposition criticized Prime Minister Kenny Anthony for granting
the guarantee in 1997 to Paris-based Rochamel Construction Ltd. before
construction had even started ...