Published On: Tue, Sep 22nd, 2015

Rif Resort (operated by Marriott Hotel) not sold yet

MarriottWILLEMSTAD – According to the President of the Supervisory Committee for the Sale of Rif Resort Inc., which is in charge of selling the hotel complex where the Curaçao Marriott Resort is located, Mike Willem, there is still no decision yet on who the buyer is of the resort. This is contrary to what Gerrit Schotte MP publicly stated about the plans of the buyer ahead of the choice of the government and the content of the offer of the buyer.

“The government does not own the Marriott Hotel. The operator pays Marriott Reef Resort to operate the hotel. The profits and losses are also accounted for by Rif Resort Inc.,” said Willem.

Rif Resort is in huge financial problems. In addition, the government offered to help with a financial injection, but the debts have now increased from 50 to 100 million guilders. The government has then decided not to continue with the financial help, but to ask the owners to sell the property.

Continuing is not an option and therefore many people would certainly lose their jobs. Selling is a must, as Willem explains. He states that by appointing the American agency Ackmann-Ziff Real Estate Group specifically for the sale, several candidates were recruited. Eventually it came down to two groups. The government does not only want to know how much money each group is willing to pay for the property, but also the investment plans they have and what their vision is for the future of the hotel.

“We have chosen the two best bidders and if one of them feels that the hotel should close for 14 months for renovations, ‘so be it’, which may be needed to make the hotel viable.”

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