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Hilton

– Investors are given the ‘green light’ to start construction

By Navendra Seoraj

A MEGA Hilton Hotel will soon tower over the community of McDoom on the East Bank of Demerara (EBD), where large businesses, particularly those related to the nascent oil-and-gas industry, have already started to ‘sprout.’

The over 200-room, multimillion-dollar hotel will add more life to the communities of McDoom and Houston, which are already home to businesses such as Gafoors, Guyana Shore Base Inc, Farm Supplies Limited, and Pritipaul Singh Investments Inc., among others.
Guyana, with its new-found oil wealth, is on the cusp of economic transformation and has already received the title of “investment capital” of the Region and possibly the world. This title has served as a magnet for investors who are turning their attention to Guyana.

In the case of the Hilton Hotel, the investor bringing the brand to Guyana is said to be Guyanese. The Guyana Chronicle was reliably informed that this investor’s Expression of Interest (EoI) was among the 29 others submitted by various companies to the Government of Guyana.

The government had put out an advertisement for expressions of interest and requests for proposals to build hotels in Guyana. The aim, as outlined by President Dr. Irfaan Ali, is to provide at least 2,000 first-class rooms, making Guyana “a conventional destination.”
The Hilton Hotel is just one such facility that falls in line with the government’s vision. This newspaper understands that the construction of this hotel is expected to commence soon, as the investor has already received a construction permit.

An official Memorandum of Understanding (MoU) for the construction of this hotel will be signed today by the investor, the Guyana Office for Investment (Go-Invest), and the Ministry of Tourism, Industry, and Commerce.
The Hilton Hotels & Resorts is a global brand of full-service hotels and resorts and the flagship brand of American multinational hospitality company, Hilton.

According to the company’s website, with more than 575 hotels across six continents, Hilton Hotels & Resorts provides the foundation for exceptional travel experiences and values every guest who walks through its doors.

This potential investment is seen as timely, because Guyana, which sits on the edge of South America and has a population of about 750,000 people, is expected to ‘boom’ with its new-found oil wealth, which is expected to drive infrastructural development and other sectoral advancements.
Only Saturday, it was reported too that the owner of the Giftland Mall, Roy Beepat, plans to build a 12-story, 400-room, multibillion-dollar Radisson Blu Hotel next to the mall.

The Radisson Blu is one of seven distinctive hotel brands under the US-headquartered Radisson Hotel Group, one of the largest and most dynamic hotel groups in the world, with over 1,100 hotels in destinations globally.

The investment, Beepat said, is expected to be somewhere in the vicinity of US$80-100 million, and the building is set to be situated on a section of the Giftland Mall’s current parking lot.

“We have three acres on the car park; that’s about 130,000 square feet. We’re only going to use 90,000 square feet of that, but we’re going up 12 floors, which would give us over one million square feet in space,” Beepat explained of the grand plans for the hotel.
“Four floors will be hotels with 100 rooms each. We’ll also have 200 apartments and rooms for things such as banqueting, conferencing, and business floors with business services. We’re hoping to bring five fast-casual restaurants, such as Red Lobster, Olive Garden, Banana Breeze,” said Beepat.

President Ali had said that progress is expected on all fronts in 2021, which has since been designated as the Year of Investments and Development.
“What you will see next year is a flurry of development; there will be active work on the new Demerara Harbour Bridge, the new four-lane road, new hotels, and the creation of 50,000 homes,” said the President.

He said work will commence on the construction and rehabilitation of roads in hundreds of communities; new infrastructure will be created, and there will be major developments in every sector.

Additionally, private-sector investments are expected to increase, stretching from the construction of new shore bases to service the oil-and-gas sector, to new office complexes and other private development projects.
President anticipates that with increased construction, there will be an increased demand for quarry and construction materials and labor.

https://guyanachronicle.com/20...iyPS0RfBrtBHmoThTuhI

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@Viper posted:

Forget about the breeze. What do you think about the hotel? Are they moving too fast for you?

No! They are moving in the right direction. There will be a flurry of new developments next year. 

@Nehru posted:

......PNC AND SHIT HEADS = DOO DOO AND MORE DOO DOO!!!!!!!

We notice that occurs with each of your visits. You should try wiping it off your shoes and lips before entering.

Last edited by Django

I think there are and will be too many hotel rooms in the next year or so. Most of the Oil and Gas foreign workers are already there, other employees will be locals.

Generally ,hotels operate at  80% to be profitable, at present due to Covid19 many are closed or operating at a loss.

Guyanese returning for vacation , many will stay with family or friends and at hotel for a couple days. Remember the rates will be in US $ and not many locals can afford .

Guyana already has major hotel chain, not forgetting the many small private Hotels and Motels.

Now that Guyana is on the move, it is time for the Migrants to go back home and invest in their country. Guyana is a good country for those who are retiring.  Don't let the COVID-19 get you. Move your carcass now.

Guyana cant even control crime, or fill existing hotels, yet the PPP is allowing new hotels to be built.

Oil will not be around forever and it will be a massive collapse, as is already seen in some countries.

But the Barrat and his gang are only interested in getting rich, while their voters still have to deal with flooded outhouses.   

@Ramakant-P posted:

Now that Guyana is on the move, it is time for the Migrants to go back home and invest in their country. Guyana is a good country for those who are retiring.  Don't let the COVID-19 get you. Move your carcass now.

If your PPP Guyana is the best thing since dog poop, how come you are not there already ?

Go back na, so we can hear that another loud mouth senior got killed.

@Ramakant-P posted:

Now that Guyana is on the move, it is time for the Migrants to go back home and invest in their country. Guyana is a good country for those who are retiring.  Don't let the COVID-19 get you. Move your carcass now.

Heard that you are a well dressed carcass.

@Tola posted:

Guyana cant even control crime, or fill existing hotels, yet the PPP is allowing new hotels to be built.

Oil will not be around forever and it will be a massive collapse, as is already seen in some countries.

But the Barrat and his gang are only interested in getting rich, while their voters still have to deal with flooded outhouses.   

You don't have the best interest of Guyana at heart. Guyana is pushing for a green economy to balance the future outlook when the oil runs out. This is not about Jagdeo or Granger, it's about the country and its people. I see it as doing something rather than lip service. Investments and progress should not blend with politics.

@Viper posted:

You don't have the best interest of Guyana at heart. Guyana is pushing for a green economy to balance the future outlook when the oil runs out. This is not about Jagdeo or Granger, it's about the country and its people. I see it as doing something rather than lip service. Investments and progress should not blend with politics.

Unfortunately, investments and progress do blend with politics in Guyana.  The decisions made by politicians will determine what type of green economy Guyana will have. 

The PPP track record of obtaining carbon credits from Norway, while they sell the forest to China, is not a good sign of a green economy. 

@Viper posted:

You don't have the best interest of Guyana at heart. Guyana is pushing for a green economy to balance the future outlook when the oil runs out. This is not about Jagdeo or Granger, it's about the country and its people. I see it as doing something rather than lip service. Investments and progress should not blend with politics.

You need to get educated on "Political Risk and effects on Investment returns." Numerous articles have been published.

Businesses, local and international are affected by change of Government or legislation.

@Mitwah posted:

You need to get educated on "Political Risk and effects on Investment returns." Numerous articles have been published.

Businesses, local and international are affected by change of Government or legislation.

The United States is a good example of this at the moment.

@Totaram posted:

Guyana or any fossil fuel producing country touting a green economy is like Jeffrey Dahmer promoting vegetarianism.

And when you throw in conman politicians goal is to get rich, it might never happen.

@Tola posted:

Guyana cant even control crime, or fill existing hotels, yet the PPP is allowing new hotels to be built.

Oil will not be around forever and it will be a massive collapse, as is already seen in some countries.



Why are you crying when the Police jail your criminal friends?

Oil will be here for a long long time to come. Stop wishing for bad things to happen in the future.

The Ali government has done a tremendous job re-developing the country.

@Viper posted:

Forget about the breeze. What do you think about the hotel? Are they moving too fast for you?

Beepat can build whatever he wishes as long as he uses his and other investors money. Looks like he already own the land so he good to go. Plus all those squatters will have space to occupy legally.

The building looks pretty nice also.

@Ramakant-P posted:

Killed by whom?

The same people you give you Canadian dollars to buy fry rice.

Go na, me gun watch de news. Me already know you real name from Cove and John.

Na worry, de PPP gun protect you.  

@Tola posted:

The same people you give you Canadian dollars to buy fry rice.

Go na, me gun watch de news. Me already know you real name from Cove and John.

Na worry, de PPP gun protect you. 

My real name is the same one displayed on GNI. 

Who are you?

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