Hong Kong investors out of Marriott project – sources

The Marriott Hotel

Two Hong Kong businessmen, Victor How Chung Chan and Xu Han of ACE Square Investments Ltd have pulled out of their planned US$8M equity investment into the Guyana Marriott Hotel Project, sources tell Stabroek News.

Stabroek News was told that while Han had made an appearance at the official opening of the US$52M taxpayers’ Marriott Hotel in April there were already rumblings that ongoing legal action by an opposition activist, a possible change in government as well as the non-passage of the Anti-Money Laundering and Countering