Investors in a Hilton-branded hotel announced Monday afternoon that they have secured the approvals to construct the 289 room project in the Houston/McDoom area, East Bank Demerara.
The project will cost $90 million and will begin in January. Construction will take two years.
The investors are a company called 658 Guyana Holdings, a joint ventured company managed by 1503 Partners, together with TOTALTEC Oilfield Services Guyana Inc and GREC Investment Group.
“This will be a great addition to Guyana, boosting the development of local capacity in support of its indigenous oil and gas sector along with offering additional room capacity to serve the tourism sector,” said Lar Mangal, the chairman and CEO of TOTALTEC.
The investors say the hotel, to be branded Hilton Garden Inn, will feature a variety of onsite dining options, conference facilities, a pool and 24-hour fitness facility.
The architectural design, the investors say, will bring in the best of modern, smart Scandinavian minimalistic concepts incorporating regional and local environmental and esthetically stunning features including spectacular landscaping of the grounds.
The project is expected to create jobs in the construction sector and create opportunities for over 25 Guyanese contractors and suppliers.
