[www.inewsguyana.com] – The controversial Marriott Hotel is set for opening in August this year, even though the private investor remains a secret and there has been no 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.
President Donald Ramotar visited the Marriott Hotel construction at Kingston, aback of the National Centre for Education Resource Development (NCERD), on Saturday, January 4, accompanied by Minister of Finance Dr. Ashni Singh, and other high-ranking officials including Head of the Privatisation Unit, Winston Brassington.
Ramotar was impressed with the pace and quality of construction on the project.
“It has really set another standard for construction in our country, and we are looking forward to an early opening as possible so that we can develop our tourist industry,” the Head of State said.
According to the Government Information Agency, the Marriott hotel is on target for an August 2014 commissioning, and President Donald Ramotar said such infrastructure would go a very far way in advancing Guyana’s economic development, and improving the livelihood of Guyanese.
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.