Summary of Proposed Investment
Project Number
25931
Company Name
PERU OE.H. S.A.
Date SPI Disclosed
Apr 19, 2007
Country
Peru
Industry
Tourism, Retail and Property
Projected Board Date
May 30, 2007
Status
Completed
Sector
Resort Hotel (Including Lodges)
Department
Regional Industry MAS LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Jun 14, 2007
Signed : Jun 15, 2007
Invested : Jan 10, 2008
Project Description
Peru Orient Express Hotels (POEH or the company), an existing IFC client, has approached IFC to provide an A Loan (IFC Loan) of up to $13.0 million to help the company:
- undertake a refurbishment of two of its properties in Peru, the Nazarenas Convent in Cusco and the El Parador del Colca Lodge in the Colca Valley; and
- refinance existing loans (the refinancing, and together with the refurbishment, the project, for a total of $29 million). The company presently operates the 32-room Machu Picchu Sanctuary Lodge, the 123-room Hotel Monasterio in the city of Cusco and the 7-room El Parador del Colca lodge in the Colca Valley.
- Nazarenas Convent
POEH has a concession agreement in place to operate the 17th century Nazarenas Convent. As a part of the project, the property will be transformed into a 55-room all-suite hotel.
- El Parador del Colca
This seven (7) room lodge will be refurbished and expanded into a 20-room property and branded and marketed as an Orient Express Hotel property. The Colca Lodge is located in the Colca Valley, which is one of the most scenic regions in Peru.
- undertake a refurbishment of two of its properties in Peru, the Nazarenas Convent in Cusco and the El Parador del Colca Lodge in the Colca Valley; and
- refinance existing loans (the refinancing, and together with the refurbishment, the project, for a total of $29 million). The company presently operates the 32-room Machu Picchu Sanctuary Lodge, the 123-room Hotel Monasterio in the city of Cusco and the 7-room El Parador del Colca lodge in the Colca Valley.
- Nazarenas Convent
POEH has a concession agreement in place to operate the 17th century Nazarenas Convent. As a part of the project, the property will be transformed into a 55-room all-suite hotel.
- El Parador del Colca
This seven (7) room lodge will be refurbished and expanded into a 20-room property and branded and marketed as an Orient Express Hotel property. The Colca Lodge is located in the Colca Valley, which is one of the most scenic regions in Peru.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. Laurent Carrasset, General Manager
Peru Orient Express Hotels
Malecon de la Reserva, 1035, Lima 18 – Peru
Telephone: 51-1-610-4000
Fax: 51-1-241-0579
Peru Orient Express Hotels
Malecon de la Reserva, 1035, Lima 18 – Peru
Telephone: 51-1-610-4000
Fax: 51-1-241-0579
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster