According to bank documents, the project involves to construct and operate a resort hotel, which includes a multi-purpose venue, located in the rural outskirts of Lusaka. The hotel will be an upscale 249-room greenfield development operating under the Protea Hotels by Marriot brand while the multi-purpose venue will have capacity for up to 2,500 persons.
Total project cost is US$29.6 million. IFC’s proposed investment is up to US$9.0 million of debt in the form of an A-Loan.
Union Gold (Zambia) Limited
+260 211 252402/5/6
Office Suites, 2nd Floor, Protea Hotel Lusaka, Arcades, Lusaka, Zambia
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