Dimitris Kosvogiannis has quit as general manager of Melia Braco Village resort, for what sources say were irreconcilable differences with the hotel management company with regards to necessary action for the resort to turn a profit.
The all-inclusive hotel is owned by the National Insurance Fund (NIF), the agency overseeing the investment of public pension funds.
Neither NIF and its oversight ministry nor Melia Hotels International spoke of the circumstances of Kosvogiannis' departure and his successor.
Melia Jamaica Braco Village is the NIF's most valuable property in a real estate portfolio, valued at around $12 billion in 2017.
It is managed and marketed by Melia Hotels, a Spanish chain contracted by the NIF, through the NIF Resort Management Company Limited.
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