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Business Travel Hotels Support Facility in Brazil

To build and operate up to nine Hyatt Place brand hotels in certain medium-size cities throughout Brazil, which share the characteristic of having become commercial or industrial hubs in recent years. Hyatt Place hotels are limited-service hotels catering mainly to business travelers and families. The purpose of building the hotels is to serve the need for higher quality business-hotel infrastructure in certain cities of Brazil, while preserving high standards of environmental sustainability and energy efficiency. The creation of an IDB program to finance the development of the hotels provides a long term support in an industry where long term financing is scarce.

Project Detail

Country

Brazil

Project Number

BR-X1041

Approval Date

-

Project Status

Preparation

Project Type

Container

Sector

EDUCATION

Subsector

COMPENSATORY EDUCATION

Lending Instrument

-

Lending Instrument Code

-

Modality

Facility

Facility Type

PSF (Private Sector Facility)

Environmental Classification

-

Total Cost

USD 200,000,000.00

Country Counterpart Financing

USD 125,000,000.00

Original Amount Approved

USD 75,000,000.00

Financial Information
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