PROJECT

Projects

Environmental & Social Review Summary

Project Number

32472

Company Name

CARIBE HOSPITALITY OF JAMAICA LIMITED

Date ESRS Disclosed

Dec 20, 2012

Country

Jamaica

Region

Latin America and the Caribbean

Last Updated Date

Jun 12, 2021

Environmental Category

B - Limited

Status

Completed

Previous Events

Approved : May 14, 2007
Signed : May 15, 2007
Invested : Nov 25, 2014

Sector

City and Business Hotel

Industry

Tourism, Retail and Property

Department

Regional Industry MAS LAC & EUR

Project Description

The project is the construction and operation of a 130-guest room, 6-storey Courtyard by Marriott hotel. The project site is located off, Knutsford Boulevard, specifically behind Emancipation Park, on Park Close, next to the National House Trust Building, in New Kingston, Jamaica. The site area is an approximately 15,000 square meters.

Overview of IFC's Scope of Review

IFC’s review comprised a review of social and environmental information provided by the project developer, Caribe Hospitality of Jamaica Ltd. This included a completed E&S questionnaire completed by the developer, an Environmental and Social Analysis, an ESIA, undertaken by a consultant for the developer, a review of the human resources policies and procedures of Marriott International, the intended operator of the property, permits provided for the project and an account of a public consultation meeting held to discuss the project.

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 project sponsor, Caribe Hospitality S.A. (the “Sponsor”). This would be the fourth development by the Sponsor under the terms of this agreement, earlier hotels being a Residence Inn hotel in Escazu, San Jose, Costa Rica, and Courtyard by Marriott properties in Bridgetown, Barbados, and Alajuela, Costa Rica. IFC has visited all these properties during either their operational or construction phases, and conclusions from these visits inform this review.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan