Rock City Hotel has withdrawn the bid to purchase 60 percent shares in four hotels owned by the Social Security and National Insurance Trust (SSNIT).
The hotels include La Palm Beach Hotel, Labadi Beach Hotel, Royal Ridge Hotel and Elmina Beach Hotel.
The decision to withdraw the bid comes after Organised Labour on Friday threatened to embark on a nationwide strike beginning on Monday, July 15, if SSNIT proceeds with the decision to sell the hotels to Rock City Hotel.
In a letter addressed to the Director-General of SSNIT, Mr. Kofi Osafo-Maafo, Rock City Hotel expressed their disappointment at the lack of stakeholder engagement, which they believe has led to the negativity surrounding their bid.
Dear Director General,
NOTICE OF WITHDRAWAL OF BID
At all material times, we believed that we had participated in an internationally competitive bid and were happy to have learned of our success having edged out the 15 other organisations that participated in the process.
It therefore came as a total suprise to us that some of your stakeholders have raised concerns about your decision to seek strategic partners for these hotels
We have also taken note of ongoing media discussions on your decision to seek strategic investors for these hotels.
We have also taken note of your recent media engagements and press statements ostensibly defending your decision to seek to a strategic investor.
We wish you continuous success in your endeavours.
