Finance Minister Colm Imbert revealed that US-based travel and hospitality conglomerate, Apple Leisure Group, who is the “brand manager” that is in talks with Government to take over operatorship of the Magdalena Grand and Golf Resort in Tobago.
Imbert made the revelation at a post-budget breakfast meeting which was hosted Trinidad and Tobago Chamber of Industry and Commerce, at the Hyatt Regency, this morning.
Apple Leisure Group is a vertically-integrated American travel and hospitality conglomerate focused on packaged travel and resort/brand management in Mexico and the Caribbean.
It is the parent company of resort and brand management company AMResorts and its loyalty program, Unlimited Vacation Club.
The Finance Minister said the vacation resort company will help lift Tobago, once the negotiations are successful.
Minister Imbert said the government asked AMResortsto take over the hotel as-is and where is.
He said once upgrade works are finished, Magdalena may possibly be rebranded AMResorts.