Marriott opening now pushed back to February

Aracari Resort

The Guyana Marriott Hotel Project will miss another opening deadline this December and is now slated for opening in February of next year.

Stabroek News understands that Atlantic Hotel Inc (AHI), owners of the project and Republic Bank Ltd (RBL) of Trinidad and Tobago were up to October still formally completing the approval of US$27M in debt financing. This process is required by the two Hong Kong businessmen, Victor How Chung Chan and Xu Han of ACE Square Investments Ltd prior to completing their onetime payment of US$8 million