Late this evening News Five received confirmation of very significant news which happened completely under wraps. The Ramada Belize City Princess has changed management, effective today. We are told that the Princess, which recently associated itself with the popular Wyndham Ramada brand, is now being completely leased by an Asian company known as Gray Enterprises Limited. Details are scarce, but News Five has also been reliably informed that employees have received letters of termination, effective October first. Those letters note that the new leaseholders will make their own decisions as to staff, but advise those being terminated by the Ramada Belize City Princess to perform well during the transition period to encourage the new leaseholders to keep them on. We’ll have more information for you in Wednesday’s newscast.

Channel 5