Sun settles USD 31.2 m to Hilton
1 month ago
Sun Travels & Tours has fully settled the dues owed to Hilton International Manage (Maldives) Pvt Ltd.
According to Sun, it has paid a total of USD 31,252,874.46 directly to Hilton, which was awarded by the Singapore arbitration relating to Sun's termination of the Hotel Management agreement with Hilton, dated February 27th, 2009.
Sun also said it incurred an additional USD 5.6