We refer to an article published in the July 08, 2012 Edition of the Kaieteur News captioned “Hotel Tower Up for Sale”.
Your newspaper published in the article that the owners of the Princess Hotel have expressed an interest in acquiring the Tower Hotel. The management of the Princess Hotel was never contacted to verify whether there was any truth or merit to the information provided to Kaieteur News by its “source”.
Had the newspapers taken the time to verify the information it would have been able to establish that the owners of the Princess Hotel never in any way expressed any interest in the purchase of the Tower Hotel, they never made contact with the owners of the Hotel, they never had any dealings whatsoever with them and further, they do not have any intention of pursuing any discussions with the owners of Tower regarding the sale of Tower.
In light of the total inaccuracy and falseness of the article referred to above, the owners of the Princess Hotel expect a published retraction of the article or of the portion of the article that stated that the owners of the Princess Hotel made an offer to purchase the Tower Hotel that was rejected by the owners of Tower. We look forward to seeing the retraction published in the next edition of the Kaieteur News following the receipt of this letter.
In closing we wish to state for the record that we are disappointed in the manner in which this article was published. We expected a more responsible approach from your newspaper.
Georgetown Investments & Management Services Inc.
EDITOR’S NOTE: In hindsight, Kaieteur News regrets not contacting the owners of Princess Hotel for a comment. The newspaper was relying on the confirmation by Hotel Tower part-owner Mr James Manbahal, who stated that Princess Hotel had expressed interest.
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