38482
BENGAL HOTELS AND RESORTS LIMITED
Apr 10, 2017
Bangladesh
South Asia
May 15, 2017
B - Limited
Active
Nov 2, 2023
Regional Industry - MAS Asia & Pac
Tourism, Retail and Property
Approved : May 26, 2017
Signed : Aug 30, 2017
Invested : Oct 24, 2023
City and Business Hotel
The proposed transaction is an A loan in Bengal Hotel and Resorts Limited (BHRL or the Company). BHRL has undertaken to develop a greenfield, 350 room business hotel property (the Project) in Dhaka, Bangladesh, to be operated by Swissotel Management GMBH (the Operator) under its Swissotel brand. IFC will invest up to US$18 million in long term debt and will mobilize up to US$18 million as parallel loan from another multilateral. The proceeds of the IFC loan will be used to fund the construction of the hotel.
N/A
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Mr. Humayun Kabir (Bablu)
Director
Bengal Hotel and Resorts Limited
Bengal House
75 Gulshan Avenue
Gulshan 1
Dhaka 1212
Phone: +88029888248
email: hkabir@bengal.com.bd