The sod was turned yesterday afternoon for the construction of two more branded hotels at Ogle, a short distance away from where a new AC Marriott hotel will also be built.
The latest project, which will carry the Hilton brand, will see just over US$100 million being invested.
At the sod-turning yesterday, Finance Minister Winston Jordan said the country’s economy continues to grow and attract new investors, especially in non-traditional sectors like tourism. He welcomed the hotel project and the jobs that it will create.
Jordan said the investment in the Ogle area will result in new communities rising from the swamp, adding that “Guyana is on the rise and Guyana is open for business, we are not discriminatory, we will welcome both foreign and local investors”
The two hotels will be built with a solar farm and a miniature golf course on 20 acres of land.
An overseas-based Guyanese is among the group of investors leading the project.
The real estate entrepreneur Edmond Braithwaite said he is pleased to be part of the investment in his homeland, having spent more than 40 years living in the United States. According to Mr. Braithwaite, “today represents a momentous occasion, it’s about this team. Each, and every one of you, must understand that whatever commitments we make here, are incredibly serious commitments and we commit to you that we will do everything we could to lift our people up.”
His business partner, Mike Elliott of Energy Real Estate said the investors vision is to transform the Ogle area and that is what they’ll be working towards. He said it is a very exciting time for the investors and a very exciting time for Guyana also.
The Government’s holding company NICIL brokered the deal.