The deal to sell the beleaguered Hotel Tower to Canadian Mike Mosgrove seems to be in jeopardy and the fate of payments owed to several employees remains in limbo.
A source close to the deal told Stabroek News that legal teams for both sides met yesterday in a bid to salvage it.
According to the source a memorandum of understanding has not yet been signed and no money has been transferred. “It was still very preliminary”, the source said.
Efforts to contact Mosgrove yesterday proved futile. When contacted,
