Sun and Sand Hotels, a part of the Sun and Sand Group of Companies will be hosting a turning of the sod ceremony today at Liliendaal, East Coast Demerara at the proposed site for a new hotel venture.
The Indian company is already involved in mining in Guyana with two prospecting licenses that were transferred in 2012 by another company. According to sources, the company still needs to do an environmental impact and social assessment and a mining plan based on exploratory work before it applies for any mining licences.
The company, a subsidiary of Samsung Limited India, was granted a prospecting licence for 24,000 acres of land near the Aranka River Side.
The Sun and Sand Group website has a section for real estate ventures however the page is currently under construction.