39231
ANANTA HOTELS AND RESORTS LIMITED
May 17, 2018
Bangladesh
South Asia
Jul 10, 2018
B - Limited
Pending Approval
Jul 12, 2023
Regional Industry - MAS Asia & Pac
Tourism, Retail and Property
City and Business Hotel
Ananta Hotel and Resorts Limited (“AHRL”, the “Company” or the “Borrower”), has undertaken to develop a greenfield mixed-use property in Dhaka, Bangladesh, consisting of: (i) a 300-room upscale business hotel; (ii) a branded residential tower with 71 units of 3-4 bedrooms each, and; (iii) a commercial building with 15 office floors and 2 retail levels (the “Project”). The proposed IFC financing package will finance the hotel and the residential tower, whereas the office and retail building will be financed by local banks with no involvement from IFC. The Project will be the first ever branded mixed-use development in Bangladesh. The hotel and the residential tower will be operated and managed by Marriott International Inc. (“Marriott”), under its “Marriott Hotel and Residences” brand.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Rowshan Tamanna
Senior Investment Officer
5752-1558