PROJECT

Projects

Environmental Review Summary

Project Number

11693

Company Name

SOCIETE MALIENNE DE PROMOTION HOTELIERE

Date ERS Disclosed

Feb 20, 2003

Country

Mali

Region

Africa

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : Apr 1, 2003
Signed : Jun 11, 2003
Invested : Sep 15, 2003

Sector

City and Business Hotel

Industry

other

Department

Regional Industry - MAS Africa

Project Description

The project involves a major renovation of Grand Hotel (GH), a successful 3-star, 91-room business hotel in Bamako, Mali, owned and operated by "Société Malienne de Promotion Hôtelière" (SMPH). The hotel was established with IFC's financial support : a FRF5 million (US$0.7 million) loan granted in 1994 helped renovate the then newly privatized 74-room facility. The proposed renovation of GH is critical in maintaining and increasing its competitiveness. The colonial-style low rise facility (three floors) built in 1953, has not been refurbished since 1994. It now needs a profound renovation and uplifting into a modern and international standard business hotel. The renovation will be limited to the main complex comprising 74 rooms, the newly added (1997) 17-room adjacent structure being still quite functional. The renovation entails civil works, installation of an elevator and a swimming pool, redecoration and redesign of rooms, the restaurant, bar, banquet and conference facilities, and fire and safety upgrades.

Environmental and Social

Conclusion & Monitoring