Marriott International inspects sample rooms at Kingston edifice

Marriott International has inspected a number of completed sample rooms at the Kingston, Georgetown edifice under construction, CEO of Atlantic Hotels Inc Winston Brassington has said.

He added that the project is continuing apace and on schedule for an August 2014 commencement of operation.

There has been no further disclosure on the investor with which government has signed an agreement for a stake in the project. Brassington had promised that this information could be released before the end of the year.

An artist’s impression of what the completed Marriott Hotel will look like
An artist’s impression of what the completed Marriott Hotel will look like

This private partner is committing US$8 million out of the US$12 million equity in the US$58 million hotel project. This private partner will be the majority shareholder.

Brassington had said that the investor wanted to be comfortable that all of the remaining money would be coming in before going public. He explained that the transaction had had a number of conditions precedent, one of which was that the investor had to be approved by Marriott International.

Following a due diligence by Marriott International, the investor was approved. Republic Bank Trinidad and Tobago through an international consultancy firm also carried out its due diligence on the project.

This banking institution is providing a syndicated loan of US$27 million.

Brassington had said that once the conditions precedent had been met, the transaction would be completed and the details made public.

This newspaper has learnt that personnel from Marriott International were in Guyana over the past week to look at the completed sample rooms.

Marriott International was unable to provide an immediate response to this newspaper’s queries about the recent visit by its officials to look at the sample rooms. The person Stabroek News made contact with yesterday, Senior Account Executive – ICG Americas Jennefer V. Melendez said that she would be checking and reporting to the newspaper this week.

However, Brassington said that the feedback from the Marriott officials after inspecting the sample rooms was positive.

In July, another Marriott official told this newspaper that Guyana’s hotel project was announced in June 2011 as part of a larger announcement by the Marriott Hotel and Resorts brands. Laura Botelho, Marriott International’s Public Relations Director, Caribbean & Latin America said that Marriott International does however provide guidelines and advisory services to the hotel owners for design and construction so that the hotels are built according to its world-class brand standards.

She said Marriott International is a hotel-management company with a business model that overwhelmingly focuses on managing and franchising hotels, rather than owning or constructing them. “The company works with local owners that understand the local laws, real estate and construction in their respective countries and territories,” she said.

She noted that once the hotel in Guyana is built, Marriott International plans to hire over 200 local Guyanese employees and train them to work in their hotel. “This is the standard when Marriott International operates hotels internationally,” she said.

Latest in Local News

The newly appointed Deputy Commissioner General Hema Khan (left) with Chairman of the Guyana Revenue Authority (GRA) Board Rawle Lucas. She was introduced during a press conference held yesterday.

GRA sacks heads of Customs, HR

Chairman of the Guyana Revenue Authority (GRA) Board Rawle Lucas yesterday announced a major shake-up in the management of the tax body, including the removal of the heads of its Customs and Human Resources divisions for unsatisfactory performance and the appointment of a Deputy Commissioner-General.

European Union Ambassador Jernej Videtič (left) hands over the Coastal Engineering Design Manual for Guyana Sea and River Defences to Minister of Public Infrastructure David Patterson. (Ministry of Public Infrastructure photo)

$2B in EU funding for sea defences

While urging the swift operationalisation of the Public Procurement Commission (PPC), European Union (EU) Representative to Guyana Ambassador Jernej Videtič yesterday handed over a $2 billion cheque to Minister of Finance Winston Jordan to aid in improving the country’s sea and river defences.

Members of the City Constabulary in their ceremonial dress march along Regent Street yesterday prior to the arrival of the President. (Photo by Keno George)

Put citizens first

With the controversial parking meter contract instigating fractures within the Mayor and City Council (M&CC), President David Granger yesterday reminded city councillors that they are accountable to the citizens who voted them into office.

Injuried: Dhaniram Tribeni

Canal Number One businessman beaten, shot in home invasion

A Canal Number One businessman is now injured after he was beaten and shot early yesterday morning when armed bandits invaded his home and escaped with a quantity cash and jewellery.

default placeholder

City councillor accused of invading Town Clerk’s privacy

A city councillor has been accused of invading the privacy of Town Clerk Royston King and his family after contacting one of King’s daughters about the controversial trip he made to Mexico with the Mayor and other council members.

default placeholder

Chainsaw operator, 16, charged over rape of 10-yr-old

A 16-year-old chainsaw operator was yesterday charged with the rape of a child under the age of 16 years old and later released into the custody of his parents.

Students of Guyana and Suriname who participated in the first Inter-Guianas Spelling Bee Competition, held yesterday at NCERD.

Guyana overall w-i-n-n-e-r in first Inter-Guianas Spelling Bee

Guyana’s students yesterday emerged the overall winners in the first Inter-Guianas Spelling Bee Competition. The Spelling Bee brought together students of Guyana and Suriname, from ages 10 to 14, in a concept of solidarity dubbed “Guianame.” The participants were drawn from several regions in Guyana and from the AlphaMax Academy, which has been the

Director of the Maternal and Child Health Department of the Ministry of Public Health, Dr Earthaneisa Hamilton.

Ministry ups monitoring of pregnant women with Zika-like symptoms

While there have been no reported cases of pregnant women with the Zika virus, the Ministry of Public Health has decided to classify those who display Zika-like symptoms as being high-risk pregnancies, ensuring that they will be monitored more closely.

Comments

About these comments

The comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit or delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity.

Stay updated! Follow Stabroek News on Facebook or Twitter.

Get the day's headlines from SN in your inbox every morning: