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 and Social Impact Category (ESIC)
-
Total Cost
USD 200,000,000.00
Country Counterpart Financing
USD 125,000,000.00
Original Amount Approved
USD 75,000,000.00