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There is currently a joint approach on the part of the Guyana Government, through its representative Keith Burrowes, and the original investors in the Cacique Palace and Banquet Hall.The ‘sales team’ has for more than three years failed to secure a buyer willing to pay the US$5M being sought.Attorney-at-Law Joseph Harmon, who serves as a director on the company incorporated for the construction of the hospitality facility, informed this publication that “I represent the owners of the Hotel and am the person authorized in Guyana to transact business on behalf of Cacique Palace and Banquet Hall Inc.”The incomplete Cacique Hotel and Banquet Hall on the marketHarmon was adamant that the property was “never taken over from the investors.”The Attorney General pointed out that the Government made available the $30M, through Burrowes to complete the construction of the Hotel.He said, “The latest agreement between the Government of Guyana and the owners of the hotel was that upon the sale of the property the government would be repaid the sum of money as stated by Burrowes.”According to Harmon, Burrowes is the person appointed to oversee the expenditure of Government’s imports in the property and ultimately to guarantee its repayment and reminded that “presently there is a joint approach between Mr. Keith Burrowes as representing the Government of Guyana and myself as representing the owners of the property to secure a purchaser for the property.”That edifice in question is located aback of the Princess International Hotel at Providence, East Bank Demerara, and was supposed to have been completed in time for Cricket World Cup 2007.Burrowes had told this publication that there have been some offers forthcoming, but nothing close to what the Government is looking to secure.According to the official, the offers that have been forthcoming are way below par.He said that the proposals that the Guyana Government have been receiving range between US$1M and US$2M.Burrowes did confirm that the proposals have been coming from both local and overseas investors.On the matter of special incentives for local buyers, given the amount of time the hotel has been on the market,Wholesale Golden State Warriors Jerseys, Burrowes reminded that the Government had initially been looking for about US$7M.He was also asked about the sale process, to which he was adamant that there is no selective tendering involved, and assured that the sale of the hotel is being undertaken through a public tendering process.At the time of the construction,Wholesale Jerseys, the government facilitated the $30M from the Consolidated Fund.That money was turned over on the agreement that it was an advance payment for rooms,Giants #27 Juan Marichal Grey Cool Base Stitched MLB Jersey, but the hotel is still to be completed, and as such has never been opened for business.The money will be repaid when the hotel is sold.The Cacique Palace was supposed to have offered, in addition to the scores of rooms, a banquet hall that could cater for about 700 persons; three catering restaurants, a storage room, a second-floor pool,Wholesale New York Yankees Jerseys, 21 suites (including two with presidential facilities) and tuck shops.The property boasts land measuring approximately 226,Nike Cowboys #89 Gavin Escobar Navy Blue/White Throwback Mens Stitched NFL Elite Jersey,512 square feet with two buildings comprising 45 apartments, conference facilities,Wholesale Real Madrid Jerseys, a catering centre, restaurant, swimming pool and recreational facilities.Work on the hotel,Pistons #0 Andre Drummond Navy Stitched NBA Jersey, originally slated as a US$3.5 million project,Nike Eagles #91 Fletcher Cox Black Mens Stitched NFL Elite Pro Line Gold Collection Jersey, began at the end of January 2006,Nike Steelers #11 Markus Wheaton White Mens NFL Pro Line Fashion Game Jersey, and was to have been completed by the end of the same year.In addition to the suites, plans were also in train for recreational facilities, shops, a gym, massage parlour and spa, and a business centre.