The Government-owned Hotels and Resorts Limited (HRL) is reporting uncertainty surrounding the sale of its two properties as it reports financial losses for the year ending March 31, 2022.HRL, which manages the 93-room multi-building Savannah Hotel, currently under a lease arrangement and the 67-room Blue Horizon Hotel, have so far failed to secure a buyer despite being on the market for several years.“The Company may not be able to dispose of the hotels in a timely manner or on favourable terms, which could adversely affect its financial condition, operating results, and cash flows,” HRL said in its annual report for the period April 1, 2021 to March 31, 2022.