guyana project
News

Guyana’s Big New Real Estate Project

By: Caribbean Journal Staff - February 18, 2019

By the Caribbean Journal staff

A major new real estate project has launched construction in Guyana.

The $100.9 million USD Pegasus Suites is the largest single investment in the country, the brainchild of Robert Badal, owner of Guyana’s Pegasus Hotel.

The new project, which will be adjacent to the existing Pegasus, will have two towers: a 12-story luxury hotel tower and a seven-story adjacent corporate center.

It will also be green, with LEED Silver status, Badal said.

It will also be the second major hotel project in the country in the last several years, following the debut of the Guyana Marriott, also in the country’s capital, Georgetown.

“I think we need investment in Guyana, as a government, we have been encouraging our local businesses to invest, and we have been trying to attract foreign investment into Guyana. This is a show of confidence by a local investor, and we’d like this to be an example to other local investors,” said Guyana Business Minister Dominic Gaskin.

It’s a huge boost for Guyana, which has been slowly looking to increase its tourism footprint.

Guyanese officials have set a goal of at least 500,000 stayover visitors by 2025.

— CJ

Popular Posts the sexiest beaches including this resort at atlantis

The Sexiest Beaches in the Caribbean to Visit Right Now 

One is a beach with a nightclub-style pool right next door. Another is filled with beach bars — and even has its own au natural corner. Then there’s a beach that’s practically a nonstop party.  There are so many things that […]


The Best Caribbean Islands to Visit This Summer, From Antigua to St Croix

verandah antigua

We’ve been saying it for years, and we’ll keep saying it: in some ways, the Caribbean is even better in the summer months. The water is warm. It’s a bit less crowded, a little bit quieter. At night, the trade […]


The Winners of the 2024 Caribbean Green Awards 

caribbean green

With almost 20,000 votes, the winners of the Caribbean Green Awards 2024 Presented by E-Finity have been crowned.  From state-of-the-art marine conservation projects to hotels that are redefining sustainability, the Green movement has never been stronger in the Caribbean.  “This […]


Related Posts celebrity cruises ship docked at port

Dominican Republic Cruise Tourism Keeps Growing 

It’s no secret that the Dominican Republic is the most popular destination in the Caribbean, as measured by air visitors.  But the country’s cruise industry has quietly been seeing rapid growth, too.  Indeed, the Dominican Republic welcomed just under 867,000 […]


Wyndham Opens Dominican Republic All-Inclusive, Plans Second Resort in Punta Cana 

punta cana dominican republic trees with beach

Pristine beaches, lush rainforests and winding rivers; the Dominican Republic’s Samana peninsula is a haven for nature lovers and those in search of a more untouched Caribbean.  Now, the area has a new resort, combining all-inclusive convenience with easy access […]


UK Visitors Are Flocking to the Turks and Caicos Islands As Airlift Grows 

relaxing hotels

Thanks in large part to last fall’s launch of Virgin Atlantic’s first-ever flight to Providenciales, the Turks and Caicos is in the midst of a boom in travel from the United Kingdom.  For the first three months of this year, […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You