Company name

Twin Hotels N.V.

Project number

14074-01

Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.

E&S category
tooltip

C

Country

Suriname

Sector

Manufacturing

Status

Proposed

Disclosed date

06/20/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
tooltip

07/28/2022

Approval date

N/A

Signed date

N/A

Sponsoring entity

Cirkel Group

Team leader

Wright, Stefan C.M.

Investment type

Syndicated amount

N/A

Financing amount

USD $ 5,000,000

Currency

USD

Project scope and objective

Twin Hotels N.V. is the franchisee of the Courtyard by Marriott Paramaribo. The 138-room hotel was opened in June 2009 and is located along the Suriname River. The hotel has a business center and features meeting spaces, as well as a restaurant, fitness center, and an outdoor pool. As part of Marriott’s regular refurbishment and upkeep program, intended to keep the property competitive and in line with brand standards, the hotel will renovate its 138 available rooms (the “Project”) in 2022 and 2023. The Company has estimated a total project cost of US$6,700,000 to implement and maintain the Marriott’s brand standards. IDB Invest is proposing a senior secured loan of up to US$5 million with a 10-year tenor to support the capex investment.

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

COURTYARD PARAMARIBO - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

225.3 Kb

COURTYARD PARAMARIBO - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

102.4 Kb

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Lisette Lai A Fat

POSITION

Director

PHONE NUMBER

+597 425254

EMAIL

lisette@cirkelgroup.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices