Ananta Mixed Use (IFC-39231)

Regions
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Specific Location
Dhaka
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
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
ANANTA HOTELS AND RESORTS LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 45.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 207.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 16, 2018

Disclosed by Bank May 17, 2018


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Project Description

This project will finance 'Ananta Hotel and Resorts Limited' to develop a greenfield mixed-use property in Dhaka, Bangladesh. The project consists of:

(i) a 300-room upscale business hotel;

(ii) a branded residential tower with 71 units of 3-4 bedrooms each;

(iii) a commercial building with 15 office floors and 2 retail levels.

The proposed IFC financing package will finance the hotel and the residential tower, whereas the office and retail building will be financed by local banks with no involvement from IFC.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Contact Information

For inquiries about the project

Ananta Hotels and Resorts Ltd 
Sawasdee K. Chowdhury 
Senior Manager 
sawasdee@ananta-bd.com 

For inquiries and comments about IFC

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

Local access for project documentation

Rowshan Tamanna

Senior Investment Officer

5752-1558            

ACCOUNTABILITY MECHANISM OF IFC

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