Guyana's Pegasus Hotel goes Hyatt-affiliated, eyes Regency status by 2028

The Hyatt affiliation took effect on a specific date and represents only the first phase of a broader, multi-stage expansion plan for the Pegasus property.

• Effective August 6, 2026, the Pegasus Suites tower at the Pegasus Corporate Centre officially began operating under the name Atlantic Suites Hotel — Hyatt Affiliated, joining Hyatt's international reservation and global marketing network as an independent affiliated hotel — not yet a fully branded Hyatt Regency property.
• The Atlantic Tower component comprises approximately 80 to 100 large executive suites across a 12-storey glass tower; together with the original Pegasus Hotel, the combined property now offers roughly 230 rooms and suites across all accommodation categories.
• The US$100 million Pegasus Suites and Corporate Centre — described by multiple local outlets as the largest single investment by a Guyanese individual in the country's history — was financed in part through Republic Bank of Trinidad and Tobago and built by China Harbour Engineering Company, with construction beginning in July 2018.
• According to Pegasus and Hyatt, the partnership is expected to expand around 2028 when an adjacent tower of approximately 170 executive rooms — a separate US$42 million project developed through a partnership between Pegasus Hotel and RJR Investment Holding Inc. — is planned to open; at that stage, the intention is for the property to transition to the Hyatt Regency lifestyle brand and for guests to gain access to the World of Hyatt loyalty programme, subject to completion and final brand arrangements.
• The Pegasus Corporate Centre also includes a seven-storey Grade A corporate office complex of approximately 180,000 square feet, rooftop solar panels covering around 20,000 square feet, and parking for over 250 vehicles — all developed on a site that was previously a dumpsite for more than 50 years.
• The upcoming 170-room tower has received approvals from the Central Housing and Planning Authority and Georgetown City Council, with the Environmental Protection Agency determining no Environmental Impact Assessment is required; financing is being provided by a consortium of local and regional banks, with annual revenue conservatively projected at over US$10 million.

The Hyatt affiliation immediately plugs Atlantic Suites Hotel into one of the world's largest hotel reservation and loyalty ecosystems, giving Guyana-bound business and leisure travellers a globally recognised booking pathway for the first time at this property. For the local hospitality workforce, the planned 170-room tower alone is projected to generate approximately 60 permanent jobs and more than 300 construction roles, with 60 percent of construction workers expected to be Guyanese.

Regionally, the move adds competitive pressure on other Caribbean capitals seeking premium business-travel hotel inventory, and it signals that Guyana's oil-era economic surge is now attracting the brand affiliations — not just the buildings — that define a mature hospitality market. The phased structure of the deal also means the story is not yet complete: the full Hyatt Regency transition and World of Hyatt loyalty access are contingent on delivering the adjacent tower on schedule.

What to watch: • Completion and opening timeline of the adjacent 170-room RJR Investment Holding Inc. tower, currently targeted around 2028, which triggers the planned Hyatt Regency brand transition and World of Hyatt loyalty programme integration. • Whether a formal, independently confirmed Hyatt Regency franchise or management agreement for the 2028 phase is publicly announced, moving the transition from a stated plan to a contractually secured commitment. • Growth in competing international hotel brand entries into Georgetown — including any further Marriott expansion or new entrants — as the benchmark for how Atlantic Suites Hotel's Hyatt affiliation performs in a tightening upscale market.

"A conservative projection estimates annual revenue at over US$10 million once the new 170-room tower is operational."

— EPA project summary, cited in Stabroek News / Guyana Chronicle reporting on the US$42m hotel development

Viewpoint: The Pegasus move reframes a quietly important competitive dynamic across the Caribbean. Georgetown now has two internationally flagged hotels — the Marriott since 2016 and now a Hyatt-affiliated property — while capitals like Paramaribo, Belize City, and Port of Spain still lack a second major global flag. That gap matters to multinational corporate travel managers who tier their approved hotel lists by brand recognition. Guyana is pulling ahead not because of oil money alone, but because a local owner was willing to absorb the compliance and operational standards Hyatt demands before any network access is granted.

Viewpoint: What the Pegasus story quietly demonstrates is that regional banks — specifically a Trinidad-headquartered institution — were prepared to finance a hundred-million-dollar hospitality vision in Guyana before the oil revenues fully materialised. That financing precedent may be the most transferable lesson for other Caribbean entrepreneurs watching from Kingston, Bridgetown or Castries. The brand affiliation is the headline; the bankability of the underlying project is the real model worth studying.

Viewpoint: For Caribbean readers, the honest caveat is this: an affiliation is not yet a flag. The World of Hyatt loyalty integration — the feature that actually drives repeat corporate bookings — remains conditional on a second tower that hasn't opened. Celebrate the milestone, but mark your calendar for 2028.