Chairman of TOTALTEC Oilfield Services, Lars Mangal, along with a team of four other individuals, will be pursuing the development of the Hilton Garden Inn and Homewood Suites. The 289-key hotel development poised for the southwestern section of Georgetown, Guyana, will bring a total of US$40 million into the economy. This is according to the project summary which is now with the Environmental Protection Agency (EPA), awaiting the relevant approvals.
The document which was perused by this news agency notes that the hotel will be on a three-acre site. It will be adjacent to the Guyana Shore Base, which is anchored by international oil company Schlumberger.
The development is also expected to support an additional 19,000 sq. ft. of commercial space, restaurants, bars, meeting rooms, as well as a gym and a pool.
Mangal and team noted that the Hilton is expected to open for accommodation at the beginning of the first quarter of 2022 and employ 150+ locally sourced construction workers, with an additional 70+ locally sourced employees required to run the completed hotel
Guyana Standard understands that US$10 million is expected to be spent across 25 local contracts during local content involvement. It was further noted that the development partners have acquired the rights to purchase the three acre development site, and have received outline planning permission.
Mangal and his partners have since stated that RAD Architecture (Miami) has completed full architectural renderings for the design and construction of the hotel while adding that it has designed several hotel and hospitality projects across the Caribbean
Furthermore, Americaribe and Deluxe Modular are both tendering for construction of the project having submitted fixed price proposals for construction and development of the hotel. Both companies have extensive construction experience in the Caribbean Development logistics.
The development project comes on the heels of announcements by the administration that Guyana’s hotel industry is not only overwhelmed but requires several other five-star establishments which could meet the growing demands of the oil industry.