Stabroek News
April 6, 2001

Cara Hotels is pursuing its aim of continued regional integration with the recent acquisition of a south Trinidad hotel thanks to a US$3M joint venture with Development Finance Limited.

According to a press release issued yesterday, a deal was struck between the company and receiver Victor Hinds for the purchase of the Farrell House hotel which will now be closed in order to be extensively refurbished and reconstructed.

Speaking to Stabroek News yesterday Cara Hotels' Sales and Marketing Manager, Davina Stevenson, explained that the company has recognised "a niche in the regional market for more business style hotels."

"This represents a big deal for a Guyanese company and helps us towards our aim of regional development and integration," she continued. "It is also something that the government has been keen to promote."

The company believes that the thriving business community present in south and central Trinidad represents an excellent opportunity for its corporate-style accommodation and is looking forward to working closely alongside the South Chamber of Industry and Commerce, the local Rotary Clubs and the San Fernando and Point Lisas business entities in the venture.

The refurbishment will require the demolition of the existing main building and will include the redesigning of all guest rooms, the insertion of state-of-the-art business conference/meeting rooms and the construction of high quality sports facilities including tennis and squash courts.

The revamped building is scheduled to open towards the end of the year under the title "Cara Suites".