Prairie International Hotel up for sale

The Prairie International Hotel, located at Coverden, East Bank Demerara, is up for sale.

The Waldron family, which established the hotel on June 29th, 1996, is asking for a negotiable US$2.5M for the property, which sits on 2.5 acres of land.

Offers have already been received from prominent local businessmen, according to son of the estate owners, attorney Mark Waldron.

The hotel is being sold because of the inability of its aging owners to continue managing its affairs and the difficulty it would place on the attorney, who has an active practice in the city. Waldron boasted of a 70% occupancy rate at his family’s hotel, which is located 15 minutes away from the Cheddi Jagan International Airport, Timehri. He stated that the business caters for flight crews and persons whose flights would have been delayed or cancelled.

The hotel has 18 rooms, comprising of an executive room; rooms with balconies; single and double occupancy rooms; an international restaurant and bar serving breakfast, lunch and dinner with a deck overlooking the Demerara River and exterior sights that, according to visitors, are worth mentioning.

More in Local News

The newly commissioned $26.5 million Student Loan Agency, located at the University of Guyana Turkeyen’s campus

UG loan defaulters face travel ban

Government yesterday outlined proposed measures to ensure that University of Guyana (UG) students repay their loans, including barring those with outstanding debts from leaving the country.

default placeholder

Sexually-abused girls, ages 13 to 15, largest group in children’s homes

Over the last ten years, the number of children in institutional care in Guyana has increased by almost 50%, with girls between the ages of 13 and 15, many of whom have been victims of sexual abuse, representing the largest single age group.

default placeholder

ExxonMobil seeking more acreage for oil search

American oil firm ExxonMobil is seeking to acquire more acreage offshore Guyana and a top executive has reiterated that the plan for production is “probably early into the next decade at this point.” In a quarterly earnings call with analysts yesterday, ExxonMobil’s Vice President, Investor Relations and Secretary Jeffrey J.

default placeholder

Troy records second quarter drop in gold production

Australian mining company Troy Resources Limited has produced 34,740 ounces of gold for the year up to the end of June at its Karouni gold project here and adverse weather conditions and teething problems at its mill are being blamed for hindering operations in the last quarter.

default placeholder

GGMC workers to get six weeks’ pay bonus for 2015

While they anticipate as much as a 25% increase in salary for 2016, Guyana Geology and Mines Commission (GGMC) workers yesterday welcomed an announcement by government of a one-off six weeks’ payout for last year.

Leroy Bennett

Teen repairman dies after fall from rice mill’s roof

A young repairman lost his life yesterday when he fell from the roof of the Ancient County Rice Mill, in Berbice.

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: