The Cacique Hotel and Banquet Hall at Providence, East Bank Demerara is up for sale.
An advertisement in Friday’s edition of the Guyana Chronicle stated that the “Modern Five Storey Hotel and Entertainment Complex” was up for sale.
Controversy has plagued the hotel ever since the government advanced the investors a sum of $33.7 million to assist in the completion of the facilities in time for the 2007 Cricket World Cup. This sum was meant as an advance payment for rooms that would have been occupied by officials during the tournament. The hotel was not completed in time for the World Cup and remained in an incomplete state for two years, since the investors were faced with financial difficulties.
In October 2009, Cabinet Secretary Dr Roger Luncheon announced that the administration would be financing the completion of the hotel following the signing of an agreement with the investors Cacique International Hotel Inc.
According to the advertisement, the property features a modern five-storey hotel and entertainment complex with land measuring approximately 226,512 sq. ft. The main building features very modern aesthetics with over 100,000 sq ft of floor space comprising three blocks.
The advertisement said that Block A comprises and five above service floors serviced with an elevator, a basement, 48 suites and apartments, restaurant and kitchen.
Block B, comprises the rotunda rising to the same height as Block A, and which is also serviced by the elevator and designed to accommodate: offices and shops on upper floors, I-net facilities on upper floors and a restaurant, bar and musical entertainment on the ground floor.
Block C is made up of two banquet and conference halls, a pool (not constructed), poolside bar and the main entrance, reception and lobby area.
Interested parties are invited to submit tenders no later than April 10, 2011 to the Manager of the Guyana Co-operative Financial Services, PO Box 10400, Guyana Post Office, Georgetown.
“The manager reserves the right to reject any or all tenders without assigning reasons,” the advertisement said.
