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

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

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

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

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