Trinuyana Investments Incorporated of Guyana recently signed an Agreement with the National Industrial and Commercial Investments Limited (NICIL) to develop a world class, select service, internationally branded Hotel – AC Marriott Hotel on the Ogle Airstrip Road.
A sod-turning ceremony will be held tomorrow.
As of June 8, 2011, AC Hotels by Marriott operates as a subsidiary of Marriott International, Inc.
A release from NICIL today said that the US$75m project is “already underway with the commencement of Geotechnical works and the hotel will be completed in thirty (30) months. The construction of the hotel will bring additional rooms to add to the national hotel stock, which will (help) stimulate the local economy through additional employment opportunities and business development”.
This project will likely raise more questions about the authority of the caretaker administration just days before general elections.
It is also unclear whether environmental and social impact studies were done and the relevant permits issued.
The NICIL press release said that the rooms are expected to augment the Government’s efforts to develop the tourism sector and expand the economy. It added that Trinuyana Investments Incorporated will target business travelers to Guyana, especially those linked to Guyana’s nascent ‘Oil and Gas’ sector and the creation of the ExxonMobil (Guyana) Headquarters, which will be situated in proximity to the Eugene F. Correia International Airport.
The release added that Trinuyana Investments Incorporated principals are “confident that the proposed development will boost the existing architectural and landscape ambience of the Ogle area while providing a sustainable design approach, ensuring that the space remains a unique, iconic, Caribbean-Wide destination”.
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.