VACAP Hospitality S.A. (DFC-2019-VACAPHOSPITALI)

Countries
  • Senegal
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
VACAP Hospitality S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Loan Amount (USD)
$ 64.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020


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Project Description

The construction and operation of the 250-room Sheraton Dakar and 150-room Aloft Dakar hotels (the “Project”), is a highly developmental project that is expected to improve tourism
infrastructure; contribute to reducing unemployment, particularly for women; and grow local small and medium-sized businesses as part of its supply chain in Senegal.

Investment Description
  • US International Development Finance Corporation (DFC)
Contact Information

No contact information provided at the time of disclosure