Only on Thursday (May 15), Head of the Presidential Secretariat, Dr Roger Luncheon told a media conference that the secret investor of the hotel will soon be released.
The hotel was scheduled to be opened in August; however, to date there is no word on whether there is any financial closure with Republic Bank. In 2013, officials were confident that the deal would have been sealed with the bank; however there have been no reports of such to date. Republic Bank is expected to grant a US$27M loan to finance the project.
The Marriott will boast 197 rooms, a large ballroom, conference centre, casino, nightclub, restaurant, a concrete walkway and all other amenities of a world-class hotel. On completion, it will provide employment for close to 500 Guyanese. The project was launched in 2011 and is an estimated total investment of US$51M.