Company name
Shebandowan Holdings S.A.
Project number
14992-01
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
E&S category
C
Country

Panama
Sector

Tourism
Status
In implementation
Disclosed date
06/26/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
08/05/2024
Approval date
08/05/2024
Signed date
10/25/2024
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
USD $ 2,000,000
Financing amount
USD $ 3,000,000
Currency
USD
Project scope and objective
IDB Invest proposes to fund up to US$5 million for the acquisition, renovation and rebranding of Hotel Los Mandarinos, an existing 70-room standalone hotel, together with a restaurant and an event venue. Once the hotel is fully built, it will be rebranded as Hotel La Compañía El Valle and will be operated as part of The Unbound Collection by Hyatt portfolio.
The Project is expected to contribute to the economic development of Anton Valley by supporting the first hotel affiliated to an international brand in the area and one of the first ones outside the City of Panama.
The Project’s development goals include: (i) increasing service export thanks to an improved use of the existing hotel infrastructure and (ii) creating business opportunities for local suppliers and employees.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
freyes@hlcpanama.com
PHONE NUMBER
+507 6619-5867
POST OFFICE ADDRESS
https://panamacascoviejo.com/hotel-la-compania-hyatt/?lang=es y https://www.hyatt.com/es-ES/hotel/panama/hotel-la-compania/ptyub.
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesFor inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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.
HLC EL VALLE - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
133.1 Kb
HLC EL VALLE - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
112.6 Kb