A new US$45 million hotel will be constructed at Liliendaal, Greater Georgetown in close proximity to the Arthur Chung Conference Centre. This facility is expected to help meet Guyana’s growing accommodation demand.
This hotel will be constructed by Pasha Global and Blue Bridges Inc. By the end of the first phase of construction, in 2024, some 150 hotel rooms will be introduced into the local market.
The second phase of construction will be completed by 2025 and another 350 to 500 rooms will be added. With the large number of rooms, this hotel promises to be one of the larger accommodation facilities in Georgetown.
At a sod-turning ceremony for the hotel on Monday, Assets Director of Blue Bridges Inc. Sanket Balgi said that at least 800 jobs will be created. Another 1,500 indirect employment opportunities are expected.
Additionally, Project Director of Blue Bridge Inc Lalit Sharma highlighted that some key features of the hotel include a dedicated parking facility, a large conference space and numerous attractions.
; Office of the President/ July 18, 2022)
With its size and attractions, the forthcoming hotel promises to meet many of the needs in the local accommodation sector.
Interestingly, Sharma boasted that the hotel may be among the tallest buildings in Georgetown.
President Dr. Irfaan Ali, who spoke at the sod turning ceremony, said that such investments fit into the government’s aim of expanding the local tourism and hospitality sector.
This sector, the President explained, is an integral part of diversifying the local economy and ensuring that it does not become dependent on one or few sectors. He also noted these developments help spur new employment opportunities and stimulate economic activity.
; Office of the President/ July 18, 2022)
Cognisant of these benefits, President Ali underscored that “the government is committed to- in its framework for development- support these types of development.”
As the government seeks to diversify the local economy, the Head of State acknowledged that there is a growing demand for accommodation services in Guyana. On some occasions, existing capacity has already been exhausted.
As such, President Ali said more accommodation services are crucial.
Chief Investment Officer of GO-Invest Dr. Peter Ramsaroop, who also offered remarks at the sod turning event, noted that there is enough investment interest to establish over 5,000 rooms in Guyana.
Such interest, he acknowledged too, is crucial for developing other sector outside of the prolific oil and gas sector.
