Hilton Trinidad and Magdalena Face $246M Losses | Trinidad and Tobago News
From Trinidad and Tobago News Today | 2 Min News | THE DAILY NOW! · 1:37
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The state-owned Hilton Trinidad and Magdalena Grand Beach and Golf Resort in Tobago reported a combined loss of $246 million over the past decade, with the Magdalena alone accounting for $237 million. While Hilton experienced profitability for six years and rebounded post-pandemic, it faced a loss of $1.6 million in 2025. In contrast, Magdalena has struggled continuously since 2016. The government plans to divest these properties, raising concerns among employees about job security as TheDailyNow.ai This is an automated, high-level news summary based on public reporting and produced by Qwikcast.aiSources: N/A More coverage & latest updates:https://sources.thedailynewsnow.com/adec00a5698e64e3 www.TheDailyNow.ai
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