US$100M Pegasus Suites And Corporate Centre Opens

GEORGETOWN, Guyana (Thursday, July 21, 2022) — Pegasus Suites and Corporate Centre, which overlooks the Atlantic Ocean, Demerara River and the city’s skyline, has re-opened after massive and expansive renovations.

Boasting 100 large executive suites, ranging from 700 to 1100 sq ft, a conference centre, corporate offices and restaurants, it utilises renewable power by solar energy.

Proprietor of the property, Robert Badal, said the new facility offers 230 rooms, from regular standard to large executive suites, and has parking space for over 250 vehicles.

President, Dr. Mohamed Irfaan Ali, who delivered the feature address at the opening ceremony of the US$100 million hotel and corporate centre property in the Kingston ward of Georgetown, said the investment in the multi-million-dollar facility, which was conceptualised and built by a Guyanese, is “iconic” and “transformational”.

He said the investment should be celebrated by locals: “No Guyanese, living 30 years ago, would imagine this…When you walk through this building it is mind-blowing, there is serious thought that went behind it…these are the things we must celebrate as a people.”

The president also revealed that his PPP/C government is embarking on a transformational agenda that will see Guyana becoming a country ‘second to none’ in another eight years.

“We are going to do it, we are going to build a country second to none and we are going to show the world that Guyana 2030 is a place every citizen will want to be in,” the president said, yesterday, while encouraging the local private sector to participate in this process.

He spoke of the development and sustainability of the non-oil sectors, such as tourism and hospitality, and disclosed that the government is working to position Guyana as a technological, health and education hub, where persons could come to access world-class services.

The government is also looking to tap into sports and wellness tourism, and create a one-of-a- kind rainforest safari, and, additionally, is seeking investors to develop a world-class eco-resort here, Ali elaborated.

“There’s absolutely no barrier, whether it be political, social, economic, global, that can stop us from changing this country to a place that we all will be proud of.”

Senior Minister within the Office of the President with responsibility for Finance, Dr. Ashni Singh; Minister of Tourism, Industry and Commerce, Oneidge Walrond; Guyana Office for Investment (Go-Invest) Chief Executive Officer, Dr. Peter Ramsaroop, and members of the diplomatic community also attended the ribbon-cutting opening ceremony.