Tax exemptions for the Marriott Hotel project from January 2013 to July 2015 stand at $1.2 billion, according to the forensic audit into the project which also highlighted the other concessions it received.
The report, a copy of which was obtained by Stabroek News, revealed that tax exemptions granted to Atlantic Hotels Inc (AHI) for the period January 2013 to July 2015 in respect of building materials, furnishings and vehicles, amounted to $1.169 billion. AHI is the hotel’s special purpose company.
“Unlike other hotels which enjoy a 50% waiver, AHI was granted 100% as per agreement with the
