According to the bank's website, the proposed A loan of US$5 million in financing seeks "to support construction of the 5-star, 150-key Hilton Palm Springs hotel in Dili, Timor-Leste, a fragile and conflict-affected state (FCS) country. The hotel will also feature residences, a gym, a pool and conference facilities that will form an important element of the business-enabling infrastructure of the country as it expands its tourism potential. The hotel’s total construction cost is estimated to be US$43 million and expected to open operations in 2024. The design of the hotel is expected to be compliant with IFC green building EDGE standards."
Principal, Palm Springs Hotel, LDA
Rua Hudi Laran Surik Mas, Bairro Pite, Dom Aleixo, Dili, Timor-Leste
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