PROJECT

Projects

Environmental & Social Review Summary

Project Number

27426

Company Name

Caribe Hospitality of Barbados Limited

Date ESRS Disclosed

Jun 20, 2008

Country

Barbados

Region

Latin America and the Caribbean

Last Updated Date

Jun 3, 2021

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : May 14, 2007
Signed : May 15, 2007
Invested : Jul 31, 2009

Sector

City and Business Hotel

Industry

Agribusiness and Forestry

Department

Regional Industry MAS LAC & EUR

Project Description

The project is the construction and operation of a 118-guest room hotel to be branded “Marriott Courtyard” which will be built on a 12,000 square meters property which is located on the main road to Hastings (Highway 7) Christ Church, approximately 2km from Bridgetown, Barbados. The project site also includes a historic building “The Pavillion” which is currently in use as an office building, and a recently built TGI Friday’s restaurant. The project is being developed by Caribe Hospitality of Barbados Ltd (the company).

Overview of IFC's Scope of Review

IFC undertook a desk review of this project. Documents reviewed were answers by the company and the Sponsor to an environmental and social questionnaire submitted by IFC, permission granted by the Barbados Town and Country Planning Office to develop the land by building the project subject to certain conditions, project approval, again conditional, granted by the Barbados Environmental Protection Department, and a permit, also from the Town and Country Planning Office to remove four trees from the project site. Questions arising after review of these documents were clarified through an email and telephone exchange with the project sponsor.

It should also be noted that proposed IFC funding for this project would be supplied under the terms of a Facility Agreement already defined between IFC and the Sponsor, and this would be the second development by Caribe Hospitality (the sponsor) under the terms of this agreement, the first being a Residence Inn hotel being developed in San Jose, Costa Rica. Environmental disclosure documents for the Costa Rica hotel project may be found at the following
link:

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement