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With two new bids received over the base price of US$85 million, the Government of Guyana (GOG) will now evaluate the proposals before a decision is made to sell the profitable Guyana Marriott Hotel, located in Kingston, Georgetown.
American businessman, Ramy El-Batrawi, has submitted a new proposal of US$90 million to purchase the profitable Guyana Marriott Hotel, with his lone challenger Ravindra Prashad bidding US$86.1 million.
Several days after six bidders submitted their proposal for the acquisition of the Marriott Hotel, which is owned by the Government of Guyana, Vice President Bharrat Jagdeo on Thursday announced that the “bids are too low” and added that the government will not proceed with the sale of the hotel until the bid reflects the true value of the hotel.
More than a month after the partially decomposed body of 59-year-old Neptrid Hercules, an employee of BOSAI Minerals Group Guyana, who was buried alive was found – Minister of Labour, Joseph Hamilton has received the official report of the investigation into Hercules death.
The United States Securities and Exchange Commission (SEC) back in 2010 had barred American businessman, Ramy El-Batrawi– the top bidder for the “profitable” Guyana Marriott Hotel – from acting as an officer or director of a public company for a period of five years.