AHI, the special purpose company set up to operate the Marriott Hotel registered a loss of $0.5m for 2013 and by contrast paid $491,800 in rates and taxes, according to its annual report dated October, 2014 and circulated in parliament on Thursday.
Major construction was still underway in 2013 and therefore the profit figure would have been of little consequence. The US$58m hotel finally opened in May of this year after a series of delays and there has been great interest in its current operating cost and occupancy rate.
With the change in government, questions have been raised about what the APNU+AFC administration will do with the Marriott Hotel whose construction it had raised many concerns over. The APNU+AFC government says it is presently doing an audit of the financing of the
