Following unsuccessful negotiations, Lodge hotels are no longer part of the hotels considered for acquisition in this process. Although the search for a strategic investor is nearing completion, the final decision has not yet been reached.
Addressing concerns about the sale, a statement from the Social Security and National Insurance Trust (SSNIT) stated, “It was mentioned on the Metro TV discussion that the Commission on Human Rights and Administrative Justice (CHRAJ) has been petitioned to conduct a full-scale investigation into the sale of SSNIT hotels. Given the impending investigation by CHRAJ, the Management of SSNIT will not comment further.”
The statement continued, “SSNIT will cooperate fully with CHRAJ throughout its investigation process. SSNIT further wishes to assure pensioners, contributors, and the public of its commitment to managing the affairs of the Trust prudently for the sustainability of the Pension Scheme.”
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