Basic information
Company name
GHL Grupo Hoteles S.C.A (“GHL” or “the Company”)
Investment type
Loan
E&S category
C
Disclosed date
Projected board date
Team Leader
Arevalo, Daniel Jose
Financial Summary
Financing Currency
USD
Project
Scope
and
Objective
and
IDB
Invest
Participation
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.
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ADENDUM: On February 24, the publication was revised to include Panama in the Project Scope and Objective and IDB Invest Participation.
