Company name
Sunset Beach Resort & Spa Hotel Limited
Project number
JA1042A-01
N/A
E&S category
N/A
Country
Jamaica
Sector
Tourism
Status
Inactive
Disclosed date
10/24/2003
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/03/2003
Approval date
12/03/2003
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
N/A
Currency
USD
Project scope and objective
Sunset Beach is an all-inclusive resort hotel in Jamaica. The contemplated project consists of the expansion and upgrading of Sunset Beach’s existing facilities in Montego Bay and the acquisition, expansion and upgrading of a property in Negril, Jamaica’s premier resort area. The project will allow the Company to (i) strengthen its market position in the all-inclusive market as the largest independently owned hotel in Jamaica; (ii) meet currently unmet demand; (iii) expand hotel operations to one of the most sought after tourist destination in Jamaica and in the Caribbean region (Negril); (iv) increase profitability by gaining significant economies of scale by leveraging existing management and marketing infrastructure; and (v) benefit from an overall favorable investment climate.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
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 OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For 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.
ENVIRONMENTAL AND SOCIAL REVIEW
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