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Le Meridien investors mull sale of hotel
….US$8M offer currently being negotiated
This newspaper has been reliably informed that the investors of Le Meridien are considering a sale of the hotel when the franchise’s contract expires in October.
Reports suggest that the investors are currently in discussion with potential buyers interested in the hotel, with a sale likely before year’s end.
Le Meridien Pegasus Hotel
The front runner has been identified as a local entrepreneur, whose bid currently stands at some US$8M and is under negotiation.
Kaieteur News has already confirmed that the investors are also contemplating the re-branding of Le Meridien, reverting back to Pegasus.
This is according to the hotel’s General Manager Bert Plas who, when contacted last evening, said that it was under consideration but was only at “the discussion level”.
According to Plas, the brand “Pegasus” has more of an impact on travellers/ tourists in Guyana.
When asked about the sale, Plas noted that he was unaware of any such move, but posited that any hotel could be sold at any time.
This newspaper understands that meetings have taken place recently with senior Government officials on the issue.
When contacted last evening, Finance Minister Dr Ashni Singh also noted that he was unaware of any such sale.
This would be the second sale of a large hotel in Guyana in a year, following the sale of Buddy’s International Hotel to a Turkish hotelier.
The local hotel industry is also expected to change face with the expected imminent construction of the major Marriot brand in a few years’ time.
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