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AC Marriott Hotel for Ogle – NICIL

AC Hotels by Marriott logo [PRNewsFoto/Marriott International, Inc.)
AC Hotels by Marriott logo (PRNewsFoto/Marriott International, Inc.)

Trinuyana Investments Incorporated of Guyana recently signed an Agreement with the National Industrial and Commercial Investments Limited (NICIL) to develop a world class, select service, internationally branded Hotel – AC Marriott Hotel on the Ogle Airstrip Road.

 

A sod-turning ceremony will be held tomorrow.

As of June 8, 2011, AC Hotels by Marriott operates as a subsidiary of Marriott International, Inc.

A release from NICIL today said that the US$75m project is “already underway with the commencement of Geotechnical works and the hotel will be completed in thirty (30) months.  The construction of the hotel will bring additional rooms to add to the national hotel stock, which will (help) stimulate the local economy through additional employment opportunities and business development”.

This project will likely raise more questions about the authority of the caretaker administration just days before general elections.

It is also unclear whether environmental and social impact studies were done and the relevant permits issued.

The NICIL press release said that the rooms  are expected to  augment the Government’s efforts to develop the tourism sector and expand the economy.  It added that Trinuyana Investments Incorporated will target business travelers to Guyana, especially those linked to Guyana’s nascent ‘Oil and Gas’ sector and the creation of the ExxonMobil (Guyana) Headquarters, which will be situated in proximity to the Eugene F. Correia International Airport.

The release added that Trinuyana Investments Incorporated principals are “confident that the proposed development will boost the existing architectural and landscape ambience of the Ogle area while providing a sustainable design approach, ensuring that the space remains a unique, iconic, Caribbean-Wide destination”.

Replies sorted oldest to newest

Sean posted:

Bai Cain, you were leading the bottom house crew cussing the PPP for building Marriott 1. 

And you were against plantain chips wuk..suddenly fatfart spoke of it and it seems you rass gonna buy shares.

cain

Who money spending on this new AC Marriot hotel ?  NICIL have shares in this venture ?  Is this Trinuyana Investments Incorporated a local or foreign company ? More details are needed on this investment ?

Django

Guyana does not need any more hotels. They need to improve the manufacturing sector.   Sugar and rice are dead end jobs. The farmers are leaving the country by the thousands and then people are wondering why the rice and sugar industries failed.

R

Guyana needs more high quality hotels for those oil executives and newly minted millionaires in the country.  After all the richest oil producing country needs to step up its game with all its wealth.

Bibi Haniffa

Bai, PPP going to build three more.

Dem GNI AFC PNC bottom house crew were pushing roach infested hotels and cussing down the PPP for building Marriott 1. Now all dem big PNC events are held at the Marriott 1. 

hey hey hey 

 

FM

AC Marriott Hotel for Ogle – NICIL

-Trinidadian John Aboud is investor

John Aboud
John Aboud

Trinuyana Investments Incorporated of Guyana recently signed an Agreement with the National Industrial and Commercial Investments Limited (NICIL) to develop a world class, select service, internationally branded Hotel – AC Marriott Hotel on the Ogle Airstrip Road.

 

A sod-turning ceremony will be held tomorrow.

As of June 8, 2011, AC Hotels by Marriott operates as a subsidiary of Marriott International, Inc.

A release from NICIL today said that the US$75m project is “already underway with the commencement of Geotechnical works and the hotel will be completed in thirty (30) months.  The construction of the hotel will bring additional rooms to add to the national hotel stock, which will (help) stimulate the local economy through additional employment opportunities and business development”.

This project will likely raise more questions about the authority of the caretaker administration just days before general elections.

It is also unclear whether environmental and social impact studies were done and the relevant permits issued.

The NICIL press release said that the rooms  are expected to  augment the Government’s efforts to develop the tourism sector and expand the economy.  It added that Trinuyana Investments Incorporated will target business travelers to Guyana, especially those linked to Guyana’s nascent ‘Oil and Gas’ sector and the creation of the ExxonMobil (Guyana) Headquarters, which will be situated in proximity to the Eugene F. Correia International Airport.

The release added that Trinuyana Investments Incorporated principals are “confident that the proposed development will boost the existing architectural and landscape ambience of the Ogle area while providing a sustainable design approach, ensuring that the space remains a unique, iconic, Caribbean-Wide destination”.

 

NICIL this afternoon said that Trinidadian John Aboud is the investor and the project is expected to provide an initial 400-plus jobs during construction and some 200 permanent jobs upon completion.

NICIL’s Privatization Specialist (acting) Racheal Henry said in another press release that the hotel is expected to have some 150 rooms and will be constructed over four floors. She said that her agency and the CEO of Triniyuana Investment Inc (Guyana and Trinidad), John Aboud held lengthy discussions before arriving at the decision to construct the hotel. Henry said among the planned facilities are  offices and some state-of-the-art living facilities which would be integrated into the hotel complex.

“This is the culmination of negotiations that NICIL had with this company and the result is a major brand name hotel coming to Guyana so that all can benefit from it as it certainly will boost our tourism and ultimately our country’s revenues,” Henry said

Aboud said in the release that he is excited over the fact that the project will finally be rolled out, stressing that the work of NICIL was significant in ensuring that the hotel project becomes a reality.

He said that he had been eyeing Guyana for a number of years but about three years ago felt confident enough to move ahead with the project. He pointed out that while they don’t have major personnel on the ground as yet, he foresees this being a reality in early March, noting that they anticipate construction commencing in a few months.

NICIL said that Aboud who heads a major investment company in Trinidad and Tobago saw numerous opportunities here.

“After visiting here a few times and seeing the numerous opportunities that exists, I decided to invest in buying some land as I see that there is a need for such investment to further propel Guyana’s tourism,” Aboud said in the release.

He said that the first-class hotel will cater for both business and tourism related visitors. He revealed that the first cost would be to the tune of US$75 million, stressing that another significant amount of monies is expected to be pumped into the hotel.

 

Aboud further said that the hotel which will contain 150 rooms is a five-star facility, noting that the new brand is one that is fresh and is the latest being managed by Marriott.

Chief Executive Officer acting of NICIL, Colvin Heath-London congratulated Aboud and team, noting that the people can expect NICIL pursuing a number of opportunities that will yield significant revenues and benefits for the country. He stressed that his team had engaged Triniyuana and is satisfied that their investment is ideal and most importantly, timely.

“We are very pleased with the investment that Mr. Aboud and team would be bringing to Guyana and is very confident that the government and people of Guyana will certainly benefit from this major hotel investment,” Heath-London said.

K

These people did not fulfill any of their election campaign promises in the last five years why would you want to believe what they're saying now?  They have betrayed the coalition by reducing the power of the AFC and unilaterally pushing PM Moses Nagamootoo to the wayside. 

Come on people.  Use your head and don't be fooled again.  The coalition are bunch of shysters out to govern and line their pockets at the expense of the Guyanese people. Don't give them another chance to govern.  They have failed to bring positive changes. They have violated the constitution and subject the nation to the most embarrassing moment at CCJy trying to prove 32 is greater 33.  Run these morons out of government.  They don't deserve another term in office.  Don't let Guyana fall prey again to the likes of the Burnhams and Hoytes.  We need democracy, peace, and progress.  We need law and order.  We need to sleep in peace at nights without the worry bandits invading our homes.  We need a safe environment for business to operate in. We need not have gun men freely stalking businessmen and farmers in bright daylight then robbing and murdering them.  Guyana does not need APNU. APNU laid the national flag and wreaths on the coffins of heinous criminals. Criminals who snuffed out the lives of countless victims.  Criminals who polarize our country by pillaging without fear of the police and the courts. Guyana has to make a 180 degree turn around from the direction that APNU has this country going.  There is no future following the neo-Burnhamites. Stop the nonsense now and vote them out.

Billy Ram Balgobin
Last edited by Billy Ram Balgobin
Ramakant-P posted:

Guyana does not need any more hotels. They need to improve the manufacturing sector.   Sugar and rice are dead end jobs. The farmers are leaving the country by the thousands and then people are wondering why the rice and sugar industries failed.

Haven't you learned that REal Estate development is the hub of any economy? ASk KP.

Mitwah

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