GHL Grupo Hoteles S.C.A (“GHL” o “la Compañía”)
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Arevalo, Daniel Jose
USD $ 10,000,000
Project scope and objective
This transaction consists of a seven-year term senior secured loan of up to US$10 million to finance the Company’s working capital needs due to the impact of the COVID-19 pandemic, as well as to support its growth strategy and recovery across Latin American countries such as Argentina, Chile, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, and Peru. GHL is a regional multi-brand hotel operator using the highest standards and operational efficiencies to manage hotels under its own brands and under a variety of international flags via franchise agreements.
The proposed financing aims to support the Company's working capital, general institutional needs, and growth strategy.
ADENDUM: On February 24, 2021 the publication was revised to include Panama in the Project Scope and Objective and IDB Invest Participation.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information:
Felipe Iragorri Londoño
GHL Investment Director
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005