Company name
Tropics Guyana Inc
Project number
15468-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Guyana
Sector
Tourism
Status
Proposed
Disclosed date
02/26/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
N/A
Approval date
N/A
Signed date
N/A
Sponsoring entity
Assets Real Estate Development W.L.L. and Power International Holding W.L.L
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 125,000,000
Currency
USD
Project scope and objective
The proposed senior secured financing of up to US$125 million is intended to support the development and operation of a 254-room Hilton hotel, a conference center, a social club, and 12 villas, with a total estimated project cost of US$259 million (the “Project”). The Project is situated on a waterfront site in central Georgetown. Construction is expected to commence in 2026 and to be completed in 2028, with Hilton being designated to operate the hotel. The financing structure includes an A‑loan of up to US$50 million from IDB Invest and US$75 million from co‑lenders or B‑lenders, with a tenor of up to 13 years. The Project's guarantors are Assets Real Estate Development Company W.L.L., a leading Qatar‑based real estate developer with assets exceeding US$15 billion across multiple regions, and Power International Holding W.L.L., a major Qatari conglomerate operating in construction, real estate, agriculture, lifestyle, and services. The project seeks to address the shortage of international‑standard accommodations in Guyana, support increasing corporate and tourism demand, establish a landmark destination in Georgetown, and contribute to IDB Invest’s S&I, Climate Finance, and MSME objectives.
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Contact information
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Client Contact
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] or by calling +1 202 312 4040.
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Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ASSETS GROUP SUSTAINABLE HOTEL DEVELOPMENT - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
153.6 Kb
ASSETS GROUP SUSTAINABLE HOTEL DEVELOPMENT - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
317.4 Kb