Marriott Hotel investor, Ramy El- Batrawi, says that he will be in Guyana next month to conclude paperwork for the US$90 million purchase deal.
However, local sources report that negotiations with the Egyptian-born businessman hit a snag when it came to areas of payment methods and concessions and government was “not budging” with its offer for what it believes is a “good” and “highly profitable” deal for both sides.
“I’ll be there in April to conclude paperwork… government was busy with Venezuela and all of that so there wasn’t the time,” El-Batrawi told the Sunday Stabroek when contacted.