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
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.
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IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005