Dubbed the most competitive bid in government’s effort to execute the sale of the Guyana Marriott Hotel in Kingston, the National Industrial & Commercial Investments Limited (NICIL) and the bidder X, LLC will soon enter into discussions to finalise the deal.
Vice President Bharrat Jagdeo yesterday announc-ed during a press conference that government has given NICIL the go-ahead to engage the company to facilitate the sale.
“NICIL has completed that evaluation. They have ranked the firm that had a bid of US$90 million as the highest bid, the number one bid and they have been given the authority to engage in negotiations with that company,” Jagdeo disclosed at the press conference at the Office of the President.
