PARAMARIBO: Surinamese Residence Inn brings US$28M Marriott to Guyana

PARAMARIBO: GUYANA’S partnership with Suriname continues to extend further, this time in the private sector, with the country’s Blue Investment Group Incorporated proposing to build a US$28 million luxury hotel next to the Eugene .F. Correia International Airport at Ogle, on the East Coast of Demerara (ECD). A Memorandum of understanding (MoU) for the construction of the proposed 150-suite “Residence Inn by Marriott” was signed by the investors and the Chief Executive Officer (CEO) of the Guyana Office for Investment (Go-Invest), Dr. Peter Ramsaroop.

This proposed venture is indicative of the growing cooperation between Guyana and Suriname, which have both committed to not just bridging both nations physically with a bridge over the Corentyne River, but has signed an open skies agreement to allow for smooth air travel and has created a joint business facilitation unit to increase private sector cooperation, collaboration and investments. Guyana and Suriname are both on the cusp of economic transformation and advancement, because of their new-found oil wealth. But those countries, instead of being competitors, have chosen to work collaboratively to achieve common goals.

The latest announcement by Suriname’s Blue Investment Group Incorporated, a subsidiary of Cirkel Group N.V, is seen as another step towards economic advancement, as the facility will not only create close to 100 jobs, but will also catalyse growth in cottage industries and micro/small enterprises.

The 150-suite Residence Inn hotel will represent Marriott’s “extended stay brand” in Guyana, meeting world-class standards.

The investors are confident that they will deliver quality service to every guest, as they intend on replicating the level of quality and efficiency offered by its Courtyard by Marriott in Suriname.