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In light of the hotel market flat in Guyana, where will these new guest come from?
Tower Hotel just collapse and all the smaller hotel are staying alive since they are a front for money laundering of drug funds. Especially Sheep Inn, part owned by OH Nandalalala, Baseman UNCLE.
The long-awaited Marott Project is progressing but is expected to be opened for Christmas 2014.
Brazzington leaving project.
Hotel now expected to cost US$62 million and Government will fund the additional difference of US$4 million from the original price.
Hotel now expected to cost US$62 million and Government will fund the additional difference of US$4 million from the original price.
If it makes money the Chinese take 2/3 of the profits. if it loses the govt loses over 80% of the money put in, as it will be liable to repay the loans, in addition to the equity and subordinated debt that it put in.