Company name
Palma Real S.A.C., Estación Ecológica Turística Amarumayo S.A.C., and Cabo Inka S.A.C
Project number
14988-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country

Peru
Sector

Tourism
Status
In implementation
Disclosed date
10/03/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/19/2024
Approval date
11/19/2024
Signed date
12/24/2024
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
USD $ 5,000,000
Financing amount
USD $ 17,000,000
Currency
USD
Project scope and objective
Inkaterra (the “Group” or “Inkaterra”) is a Peruvian hotel group with more than 40 years of experience, which operates seven hotels in emblematic destinations of the country, such as Machu Picchu, Valle Sagrado and Madre de Dios in the Amazon. These properties are recognized for their unique combination of hotel services and environmental sustainability, offering immersive experiences in some of Peru’s most biodiverse regions. Inkaterra’s operations are deeply rooted in scientific research and biodiversity conservation, with a holistic approach that integrates hospitality with sustainable development.
Inkaterra, through its subsidiaries Palma Real S.A.C., Estación Ecológica Turística Amarumayo S.A.C., and Cabo Inka S.A.C., is seeking a US$12.0 million senior secured loan to develop new properties in the northern region of Peru (Cabo Blanco) and Machu Picchu, increase the room capacity of its existing hotels in the Peruvian Amazon (Madre de Dios), and to optimize its capital structure. Additionally, the Group is seeking an uncommitted revolving credit facility of up to US$5.0 million to finance working capital needs, focusing mainly on the payment of SME suppliers. Inkaterra intends to strengthen its impact and sustainability practices, and therefore wishes to take advantage of IDB Invest’s expertise and advisory services to expand its sustainability programs at a national level, thus enhancing its social and environmental commitment.
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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
enrique.gamero@inkaterra.com
PHONE NUMBER
+51 997 590 932
POST OFFICE ADDRESS
Andalucía 174, Miraflores 15074 Lima, Perú
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 OfficesFor inquiries, comments and information requests about the project
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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. 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.
INKATERRA - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
225.3 Kb
INKATERRA - ENRIVONMENTAL AND SOCIAL ACTION PLAN (ESAP)
133.1 Kb