Buddy’s was sold for US$15M, investor in US$10M upgrade

-Go-Invest head slams story

Head of the Guyana Office for Investment (Go-Invest) Geoffrey Da Silva, marking the first time that a government official has publicly commented on the sale of Buddy’s International Hotel, yesterday noted that it was US$15 million and not US$25 million that it was sold for to a Turkish investor.

This newspaper had reported in Tuesday’s edition that the hotel was sold for the latter price. Stabroek News confirmed with the investor yesterday that the purchase price was US$15M.