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Controversial Marriott…Deal being finalized with unknown person

Sep 15, 2013 News

– govt. denies BVI investor-Brassington

The Guyana Government has denied that it received an offer from a British Virgin Islands (BVI) incorporated investor to buy the Marriott Hotel building as it is at this stage for US$10M.
The claim was made by Leader of the Alliance For Change (AFC) Khemraj Ramjattan, who said that the offer was made as a result of Government, “finding it difficult to attract the investors and syndicated loans” to complete the hotel.
Chairman of Atlantic Hotel Inc. (AHI), Winston Brassington, has since indicated that the company is in the closing stages of a deal with a foreign investor and that the name of this investor will be announced when there is financial closure.
He said that “in general, private investors are usually reluctant to make premature public disclosures about their business and in this case there is greater apprehension to do so, given the hostile and unwelcoming political environment created by the Opposition parties.”
He said that the private investor is aware, and acknowledges, that given its intended relationship with the Government of Guyana, it will be required to make a public announcement which it is prepared to do at the appropriate time.
Brassington, in a statement issued last evening, said that construction to the Marriott Hotel and Entertainment Complex remains a priority for the Government of Guyana.
He said that while construction to the outer shell of the building is complete, design work on the interior continues to require great care and review in order to ensure that all aspects of design and construction achieve the Marriott standards for functionality and operations.

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