Ogle hotel developer, Caribbean Marketing Enterprises Inc (CMEI), yesterday announced that it would be relinquishing the controversial 21 acres of land that was transferred to it shortly before the March 2 general elections and said that it would reapply and hopes to find favour with the new administration.
“It is these prevailing conditions, coupled with the spirit of cooperation, goodwill and support for the new Guyana Government that we have chosen to relinquish the 21 acres of land …,” Director of CMEI Mike Elliott said in a letter to this newspaper yesterday.
In February of this year and on the heels of general elections, the David Granger-led cabinet approved the agreement for the sale of land at Ogle earmarked for an ambitious CMEI hotels project, and later issued an order for the transfer of the title although the company failed to meet agreed terms, including the submission of records for due diligence and a 50% down payment, a recent review has found.
