Marriott project is in line with Guyana’s development – Ramotar

President Donald Ramotar told a news conference last Friday that Guyana is on the verge of massive development, particularly given the prospects of an oil find, and as such, it is necessary to prepare for the kind of transformation that will ensue, and not just be satisfied with what obtains at present. He was at the time responding to a question as to why his administration is moving ahead with the Marriott project, given that hotel occupancy in Guyana is only 66 per cent. “I am confident that the future ahead of us is a very bright one; we have a lot of gains to obtain, and we must have the necessary infrastructure in this country to cater to the needs of a country that will see significant transformation, once we can implement all of our plans,” he said.
The Marriott project is an investment of over US$ 50 million that will bring a major international brand to Guyana, create hundreds of jobs in the construction phase and beyond when it becomes operational, and significantly raise the standards of the hospitality industry. Funding will be in the form of debt and equity with government’s contribution being one-third of the funding. Completion and start of commercial operation of the hotel and entertainment complex is expected two years thereafter, that is, February 2014.
President Donald Ramotar told a news conference last Friday that Guyana is on the verge of massive development, particularly given the prospects of an oil find, and as such, it is necessary to prepare for the kind of transformation that will ensue, and not just be satisfied with what obtains at present. He was at the time responding to a question as to why his administration is moving ahead with the Marriott project, given that hotel occupancy in Guyana is only 66 per cent. “I am confident that the future ahead of us is a very bright one; we have a lot of gains to obtain, and we must have the necessary infrastructure in this country to cater to the needs of a country that will see significant transformation, once we can implement all of our plans,” he said.The Marriott project is an investment of over US$ 50 million that will bring a major international brand to Guyana, create hundreds of jobs in the construction phase and beyond when it becomes operational, and significantly raise the standards of the hospitality industry. Funding will be in the form of debt and equity with government’s contribution being one-third of the funding. Completion and start of commercial operation of the hotel and entertainment complex is expected two years thereafter, that is, February 2014.