Ananta Mixed Use

pending

   Ananta Hotel and Resorts Limited (“AHRL”, the “Company” or the “Borrower”), has undertaken to develop a greenfield mixed-use property in Dhaka, Bangladesh, consisting of: (i) a 300-room upscale business hotel; (ii) a branded residential tower with 71 units of 3-4 bedrooms each, and; (iii) a commercial building with 15 office floors and 2 retail levels (the “Project”). 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. The Project will be the first ever branded mixed-use development in Bangladesh. The hotel and the residential tower will be operated and managed by Marriott International Inc. (“Marriott”), under its “Marriott Hotel and Residences” brand.