GMT Hotels LLC (BNDES-GMTHOTELS)

Countries
  • Georgia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Brazil National Development Bank (BNDES)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
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
GMT Hotels LLC
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
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)
$ 7.00 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)
$ 13.50 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 @ BNDES website

Updated in EWS Aug 3, 2019


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Project Description

This OPIC loan will finance the renovation of the Tblisi Marriott and Tbilisi Courtyard by Marriott hotels, in Tslisi, Georgia.

Investment Description
  • Brazil National Development Bank (BNDES)
Contact Information

Project contact information was not disclosed at the time of writing.