Company name

GHL Grupo Hoteles S.C.A (“GHL” o “la Compañía”)

Project number

13254-01

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
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C

Country

Colombia

Sector

Tourism

Status

Proposed

Disclosed date

02/19/2021

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

Projected board date
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08/05/2021

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Arevalo, Daniel Jose

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 10,000,000

Currency

USD

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.



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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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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

GHL - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

839.7 Kb

GHL-ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

481.3 Kb

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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

Felipe Iragorri Londoño

POSITION

GHL Investment Director

PHONE NUMBER

+57-1-313-9333

EMAIL

Felipe.iragorri@ghlhoteles.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