Several companies are investing in the hotel industry in Guyana, signaling a growing interest in the country’s hospitality sector. Here are some notable investments:

Assets Group: A subsidiary of Power International Holding, this Qatari group is investing $2 billion (GYD) for lands on Carifesta Avenue, Georgetown, to build what will be Guyana’s first five-star hotel. The Guyana Office for Investment (GoInvest) has stated that the company will receive the standard concessions for such hotel projects​.

Sheriff Group of Companies: This group is investing approximately US$100 million in Palmyra, Berbice, to construct a 150-room hotel and casino, which is expected to feature all the modern amenities of first-world countries​.

Hyatt Place Hotel: With an estimated cost of US$32.2 million, the 125-room Hyatt Place Hotel is slated for a 2024 opening. The project summary indicates that construction is expected to commence shortly, with a projected 36-month timeline​.

Hilton Hotels: Like Marriott, Hilton is another global brand that has shown interest in expanding into emerging markets like Guyana, though specific new projects in Guyana were not detailed in the recent reports.

United States hotel chains: Several major US hotel chains have expressed interest in constructing close to 5000 hotel rooms in Guyana, responding to the government’s call to boost local accommodation capacity.

These investments reflect the rapid growth of Guyana’s economy and the increasing interest in the country’s tourism and hospitality sector. The hotels can be found in different parts of the country:

Liliendaal: Pasha Global/Blue Bridge is investing in a new US$45 million hotel project, which is expected to feature approximately 200 rooms and will come on stream by 2024.

East Bank Demerara (Providence): The Hyatt Place Hotel is currently under construction with an investment of US$32.2 million. This 125-room four-star hotel is expected to be completed shortly.

Timehri, East Bank Demerara: The Courtyard by Marriott Hotel is under construction with an investment of US$20 million. This project highlights Marriott’s expansion in Guyana and is aimed at enhancing the accommodation and hospitality options available in the area​.

These investments reflect the diverse range of international hotel brands committing to the development of Guyana’s hospitality sector, signaling confidence in the country’s growing tourism and business potential.

Over 60 US companies have shown interest in investing in Guyana, particularly focusing on the oil and gas opportunities within the country. This was revealed during a webinar titled “Oil and Gas Opportunities in Guyana,” hosted by the U.S. Department of Commerce’s International Trade Administration and the U.S Embassy in Guyana​​.

Guyana’s oil sector is at the center of international interest, drawing attention from a wide array of stakeholders, including major global oil companies, international financial institutions, and energy sector analysts. The government’s strategies to manage and develop this sector, including the potential establishment of a national oil company and the approach to auctioning oil blocks, are closely watched by these international investors and analysts. The involvement of these entities underscores the significance of Guyana’s oil discoveries on the global stage and the country’s potential to transform into a major oil producer.

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