43696
AFRICAN HOTEL DEVELOPMENT LUXEMBOURG
Apr 7, 2021
Africa Region
Africa
May 21, 2021
B - Limited
Active
Apr 1, 2022
Regional Industry - MAS Africa
Tourism, Retail and Property
Approved : May 27, 2021
Signed : Jun 30, 2021
Invested : Mar 30, 2022
City and Business Hotel
Blended Finance
African Hotel Development Luxembourg SAS (“Onomo” or the “Company”) is a pan African mid-scale business hotel owner and/or operator of 21 hotels in Africa, under the brand Onomo. To fill the gap in the provision of region wide midscale branded hotels that meet international standards, the Company aims to upgrade and expand in capacity and geographically through (i) the extension and renovation of its existing hotel in Abidjan, Côte d’Ivoire, (ii) the financing of the recently completed refurbishment of its existing hotel located in Dakar, Senegal, (iii) the refurbishment of its existing hotel in Bamako, Mali, and (iv) the development of 2 greenfield hotels in Yaoundé, Cameroon and Djibouti City, Djibouti; and (iv) the refinancing of existing debt (the “Project”).
IFC proposed advisory support through IFC’s Excellence in Design for Greater Efficiencies (“EDGE”) tool.
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Local Access of Project Documentation
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