Guyana: Gov't defends decision to sell Marriott Hotel

The Guyana government has defended its decision to sell the 197-room Marriott Hotel, saying it makes economic sense as the country prepares for more investments over the next year in its tourism and hospitality industry.

Vice President Bharrat Jagdeo said the government has received several expressions of interest as a result of its decision to sell the hotel, located where the Demerara River flows into the Atlantic.

He said that at the time the Marriott was built, the intent was to trigger investment.

Mr Jagdeo says the funds gained from the sale of the hotel can be used to offset more projects and add to Guyana's capital stock.