Skip to main content

Company name

Shebandowan Holdings S.A.

Project number

14992-01

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

Panama

Sector

Tourism

Status

Proposed

Disclosed date

06/26/2024

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

Projected board date
tooltip

08/05/2024

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

División Corporativa

Investment type

Syndicated amount

USD $ 2,000,000

Financing amount

USD $ 3,000,000

Currency

USD

Project scope and objective

IDB Invest proposes to fund up to US$5 million for the acquisition, renovation and rebranding of Hotel Los Mandarinos, an existing 70-room standalone hotel, together with a restaurant and an event venue. Once the hotel is fully built, it will be rebranded as Hotel La Compañía El Valle and will be operated as part of The Unbound Collection by Hyatt portfolio.The Project is expected to contribute to the economic development of Anton Valley by supporting the first hotel affiliated to an international brand in the area and one of the first ones outside the City of Panama. The Project’s development goals include: (i) increasing service export thanks to an improved use of the existing hotel infrastructure and (ii) creating business opportunities for local suppliers and employees.

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.

HLC EL VALLE - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

133.1 Kb

HLC EL VALLE - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

112.6 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

EMAIL

freyes@hlcpanama.com

PHONE NUMBER

+507 6619-5867

POST OFFICE ADDRESS

https://panamacascoviejo.com/hotel-la-compania-hyatt/?lang=es y https://www.hyatt.com/es-ES/hotel/panama/hotel-la-compania/ptyub.

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

Request information

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