WITH works on the foundation 80 per cent complete, the 172-room Four Points by Sheraton–Marriott Hotel is scheduled to open its doors in the third quarter of 2024.

The Guyana Chronicle was reliably informed that following the completion of preliminary works at the Houston, East Bank Demerara site just off the new four-lane highway, steel beams will soon be erected, paving the way for further construction.

The company undertaking this project, Caribbean Green Building Inc., envisages increased economic activities and opportunities with the new four-lane road.

“The site is strategically located in downtown Georgetown, 15 minutes from the Ogle International Airport on the eastside lane of a new road bypass between Eccles and Mandela Avenue.

“Once completed the hotel will feature, a restaurant, two bars, an outdoor pool, as well as 16,000-square feet of meeting space and 25,000-square feet of retail area,” the company added in its project scope.

The project is led by Tama Investments LLC and has an estimated cost of US$33.3 million which will be financed by 50 per cent Debt/ Equity, including an approximate US$12 million senior loan with a 12-year tenor from IDB Invest.

The hotel’s operator will be EuroBuilding Hotel Group, an established hotel operator with several properties around the region.

Four Points represents an upper-midscale brand within the Marriott International umbrella and will seek EDGE Certification highlighting many sustainability features.
Additionally, there will be integrated walk-in showers, 55-inch flat-panel televisions and in-room refrigerators.

When outside of their rooms, guests will be able to relax in the lobby, which would be focused on an elevated evening experience with special seating options to work or relax.

An extension of the lobby, the Bistro Terrace, will feature a community fire pit and upgraded outdoor seating area.

Apart from those features, there are also plans to establish spacious meeting spaces and a convention centre, to meet market demands. There are also plans to have 1,000 square feet of space for cardio, stretching and strength activities; this would be supplemented by an outdoor pool and tennis court.

Within a month of the government being in office, expressions of interest were sent out for internationally branded hotels to be built in the country.

Since then, there have already been sod-turning exercises and ongoing construction for a number of new hotels, with two having taken place close to the Cheddi Jagan International Airport (CJIA).

The aim, according to local authorities, is to have at least 2,000 hotel rooms available for visitors and to accompany the anticipated growth in the local economy.

President, Dr. Irfaan Ali, had said that moving forward and embracing this potential growth and development would require transition, not just physically, but also in the way people act, think, celebrate Guyana and conduct business.

“We have to transition to create the transformation we want. It is not only physical, it is the human transformation, the way of thinking, acting, celebration of country, the way we do business and organisational culture. It has to be incorporated into every aspect of our lives and every level of service has to be transformed. It should be something to take us to optimisation,” President Ali said in a previous report.