The COVID-19 pandemic has deferred the opening of the US$100M Pegasus Hotel expansion projects from December of this year to May of 2021 but hotelier Robert Badal is confident that the entity “will hold its own” and be the inspiration needed for local investors.
“COVID has significantly affected works on (the) Pegasus Suites and Corporate Centre project,” Badal told Stabroek News in an interview on Thursday. He explained that during the March to August period of lockdown, works had to be first halted and then limited because of technical personnel being out of the country.
“I would say it has been delayed by about six months. Now we are scheduled to complete by May 2021 and I am optimistic that we will have full occupancy by December of next year,” he added.