Overview of Guyana Hospitality sector and current pipeline of hotel projects that have been announced to be developed in Guyana South America

1. Q1-2021 GUYANA HOSPITALITY
MARKET REPORT
GUYANA OFF TO A FAST START AS
A NUMBER OF HOTEL PROJECTS
SET TO BEGIN THIS YEAR
Under the leadership of the new PPP/C Government and it's leader Dr.
Ifraan Ali, Guyana is pushing full steam ahead to fill the 2,000 plus hotel
room deficit the country is currently facing.
Peter Ramsaroop, CEO of G-Invest, Guyana's Investment Agency,
finished the year strong announcing at least 7 new Hotel Projects that are
currently in pre-development extending from the Cheddi Jagan
International Airport all the way to the Ocean front coast of Georgetown.
Minister of Tourism, Industry and Commence Oneidge Walrond said in
public remarks, “This is just a tangible expression of the confidence that
investors have placed in Guyana, and we are quite excited that we have
one of the hotels that we have promised. We have the branded hotels
ready to go, and this is quite an exciting time,”
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A
DESPITE COMPLICATIONS FROM COVID-19, WORK CONTINUES ON ROBERT BADAL'S PEGASUS SUITES GUYANA
DEVELOPED BY: CHINA HARBOR AND FINANCED BY: REPUBLIC BANK GROUP HOLDINGS
SCHEDULED TO OPEN IN Q4-2021S

2. ACARAI PROPERTIES Q1 2021 GUYANA HOSPITALITY MARKET REPORT
CURRENT PIPELINE
Total Rooms Needed per Government: >2,000
Total Estimated Value of current projects under
development: $500 MM USD
Primary Product Mix: Extended Stay, Select
Services, and Business Hotels
Major international hotel brands are all rushing
to establish a presence in Guyana. Several of
the world's largest hospitality brands seeking
to establish multiple flags in the Frontier
Market of Guyana South America
Guyana currently only has 2 internationally
flagged hotel brands: Marriot Georgetown and
the Princess Ramada
Only Hotel actually in construction is Robert
Badal's Pegasus Suites and Corporate Center
slated for a Q3 2021 Opening
The world's fastest growing economy has one of
the most active Hospitality development pipelines
in the world.
Quick Facts:
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Sector Highlights Q1 2021
*Based on publicly available data, all projects subject to change
*Current Concept Drawings from
some of the Announced Projects

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