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
C
Country
Panama
Sector
N/A
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
08/02/2024
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
División Corporativa
Investment type
Syndicated amount
USD $ 7,000,000
Financing amount
USD $ 3,000,000
Currency
USD
Project scope and objective
IDB Invest propone un financiamiento de hasta US$5.0 millones para la adquisición, remodelación y reposicionamiento del Hotel Los Mandarinos, un hotel independiente existente de 70 habitaciones junto con un restaurante y un salón de eventos. Una vez concluida la construcción el hotel se reposicionará como Hotel La Compañía El Valle y será operado bajo la marca Hyatt Unbound. Se espera que el proyecto contribuya al desarrollo económico de El Valle de Antón al apoyar el primer hotel afiliado con una marca internacional en la zona y uno de los primeros fuera de la Ciudad de Panamá. Los objetivos de desarrollo del proyecto incluyen: (i) aumentar la exportación de servicios gracias a un mejor uso de la infraestructura hotelera existente; y (ii) crear oportunidades comerciales para proveedores y empleados locales
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
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
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn 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 - RESUMEN DE LA REVISION AMBIENTAL Y SOCIAL (RRAS O ESRS) 6
184.3 Kb
HLC EL VALLE - PLAN DE ACCION AMBIENTAL Y SOCIAL (PAAS O ESAP) 6
112.6 Kb