REVIEW OF MANTIS ST HELENA

Saint Helena Hotel Development Ltd has engaged BDO LLP, a firm with experience in key sectors such as finance and hospitality, to undertake an assessment of the current and future performance of Mantis St Helena taking into account the recent opening of the Airport and the anticipated growth in tourism demand.

This work will feed into future divestment options and identification of opportunities for improved financial performance. This builds on the decision from Executive Council in 2018 to explore options for raising alternative sources of finance which will feed into the exit strategy.

BDO consultant, Helene MA�gelhA�j, is currently on-Island for a week and will be meeting with various stakeholders before making an assessment on the future prospects for the hotel.

Source: St Helena Government

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