US$35M Four Points by Sheraton Hotel part of Houston transformation
A new 172-room Four Points by Sheraton Hotel will be constructed at Houston on the East Bank of Demerara (EBD) as part of ongoing efforts to transform that area.
The hotel is being built by Caribbean Green Building Inc. and the United States-based Owen Steel company. It is expected to cost some US$35 million, according to Chaman Basdeo, a representative of both companies.
The Sheraton Hotel is an international semi-luxury hotel chain owned by Marriott International. There are over 300 hotels across the globe and about 150 new hotels being developed.
The hotel for Guyana is expected to be completed by early 2024, following a sod turning ceremony held on Tuesday.
Andres Botero-Toro, another company representative, told the gathering on Tuesday that the hotel will be prefabricated. The steel structure has already been assembled aboard and will be shipped to Guyana for further development. Once in Guyana, prestressed and other prefabricated layers will be added.
And Botero-Toro underscored, “The rest of amenities and facilities will make this project a magnate of commercial activity.”
He said the facility will boast EDGE Buildings certification- an internationally recognised standard for resource-efficient, eco-friendly construction.
At that event, President Dr. Irfaan Ali said that the development of the hotel ties into wider developmental plans for the community and the East Bank corridor at large.
And the President underscored how important this facility is, given the shortage of accommodation facilities- particularly in the Houston/ East Bank area where there are numerous oil and gas facilities are being established.
“One of the good things about this investment is that the steel structure for the hotel is already completed, so you will see a quick movement from steel structure to development,” the Head of State said.
With Botero-Toro highlighting that company is eyeing further developments in Guyana, after experiencing an enabling business environment, Dr. Ali also gave assurances that the government is working to make investments easier