A US$22m financing deal has been worked out for a planned Sheraton Four Points Hotel at Houston with IDB Invest playing a major role.
In a release yesterday, IDB Invest – the private sector arm of the Inter-American Development Bank – said that it has partnered with Caribbean Green Building to provide US$22 million to develop a sustainable mixed-use tourism project in Georgetown, Guyana, consisting of a 172-room Four Points by Sheraton Hotel, and accompanying conference facility and retail facilities.
It appears that this project had been stalled over financing as the sod for it had been turned since July 2022 and the original projected completion date was the first quarter of this year.
