End of Dhaka Sheraton

It seems that Starwood, the partner company running the Sheraton, is finally going to exit. There may be plenty of contractual issues around the renewing of the deal which I do not know. However one of the sticking points was the renovation of the hotel which BSL, the government owned shareholder, was against because the hotel is 'making a profit'. What nonsense and further proof fo BD governments lack of ability.

Even when this hurdle was overcome BSL wanted to be able to appoint the contractors for the works. Hahaha - 'our sonar people would like to tender and choose the contractors for the works so we can fiddle and get bribes and kickbacks'. I assume Starwood has enough experience of the neurotic corruption at every level in BD from the last 25 years experience in the country that they said - 'get lost'!

It's a shame really because the current psycho in charge of the country might make the future contract more 'managed by BSL' instead of the partner company.

I don't mind if BSL owned it 100% or was totally in charge of running it - if we knew for sure the BD guys would not be so politically chosen and in any case the certainty of absolute corruption from the gardener to the GM. Maybe in another 150 years (after a Tsunami has wiped away the population)?