Published On: Thu, Aug 31st, 2017

Lawyer Giro Bank: “Next auction Plaza Hotel with bank guarantee”

plaza-hotel-curacaoWILLEMSTAD - At the next auction of the Plaza Hotel, most likely in early October, an irrevocable bank guarantee will be required. This is according to the lawyer representing the Giro Bank Arnold Huizing.

According to the counselor, a guarantee at the previous auction in which John Burcham of Allied United Financial Corporation came out as the buyer of the hotel, was overlooked by the Giro Bank. “We were so happy that there was a buyer we did not think about such guarantee,” said the lawyer.

Huizing does not believe that the Giro Bank is to be blamed as there was only one buyer. Several bankers were asked for a bank guarantee but in this case, it was such a relief that the hotel was sold.

The cost of the auction and 12% fine will be deducted from Burcham, but the question is whether there is money or, as Huizing says, “you cannot pick a feather from a frog.”

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