Daily Archives: March 7, 2015

Opposition shocked NICIL found US$58M to build Marriott

Opposition shocked NICIL found US$58M to build Marriott

March 7, 2015 | KNEWS    – urges shares be available to local businesses  
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Moses Nagamootoo

The Opposition has recommended local businesses have an opportunity to bid for Marriott shares, now that the hotel in Kingston is near completion.

Responding to recent disclosures by Government that it has spent more than US$58M of taxpayers’ dollars to construct the hotel and its adjoinig casino and restaurant, Prime Ministerial Candidate, Moses Nagamootoo, of A Partnership For National Unity/Alliance For Change APNU/AFC) coalition, insisted that a strong case has been made by the Marriott project to warrant a full blown investigation.

On Wednesday March 4, Cabinet Secretary, Dr. Roger Luncheon, disclosed that court cases and other factors caused investors’ monies to be delayed. This forced the National Industrial and Commercial Investments Limited (NICIL) to shell out more than US$58M to construct the hotel.  Continue reading

GCA New York – Online Magazine – February 2015

Download:  GCA New York- FEBRUARY 2015 ON-LINE MAGAZINE

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HEROC High Tea and High Fashion Event – Brooklyn NYC – April 12, 2015

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HEROC High Tea and HighFashion Event – Brooklyn NYC – April 12, 2015

HEROC- Health Education & Relief Organization for Cancer Inc.

Govt. finally breaks silence on Marriott…Tax dollars funded project – Luncheon admits

Govt. finally breaks silence on Marriott…Tax dollars fund entire project – Luncheon admits

March 5, 2015 | By | Filed Under News
Government yesterday admitted that NICIL spent all of the US$58M needed for Marriott Hotel construction.

Marriott Hotel. Georgetown, Guyana

Just weeks before the 197-room, US$58M Marriott Hotel is set to open its doors in Kingston, Georgetown, Government in explosive disclosures yesterday admitted that all of the monies it spent so far to bring the facility into operation, has been from the taxpayers.

That was after court cases and other factors held back the release of more than US$30M from a bank and two private investors from Hong Kong.

There had been questions about Government finding the estimated US$34M that was needed to complete the hotel but Cabinet Secretary, Dr. Roger Luncheon, finally broke the silence, disclosing how the hotel came to the point of completion.   Continue reading