Bert Plas, General Manager of Le Meridien Pegasus Hotel yesterday told Stabroek News that “the hotel has definitely not been sold.”

He was asked to respond to a report in yesterday’s Guyana Times which said that the hotel had been sold to a local businessman.

Advising that this newspaper speak with the owners, he said that, “there is no truth in the report that the hotel has been sold and sold for the sum of US$8 million.”

According to Plas, there is always interest in investing in the hospitality markets and there are a few investors who have shown an interest in Le Meridien.

Stabroek News understands that a valuation of the property – which has become a landmark in the Kingston seawall area and is rated as Guyana’s premier international hotel – is pegged at around US$15 million.

During the first quarter of last year, the Guyana-based Cara Hotels group had indicated an interest in the acquisition and management of Le Meridien Pegasus Hotel in Georgetown, with founders and owners of Cara  Hotels Paul Stephenson and Shawn McGrath optimistic that they could have struck a deal.

However, that deal fell through.