Assets Group Sustainable Hotel Development in Guyana

proposed

The proposed senior secured financing of up to US$125 million is intended to support the development and operation of a 254-room Hilton hotel, a conference center, a social club, and 12 villas, with a total estimated project cost of US$259 million (the “Project”). The Project is situated on a waterfront site in central Georgetown. Construction is expected to commence in 2026 and to be completed in 2028, with Hilton being designated to operate the hotel. The financing structure includes an A‑loan of up to US$50 million from IDB Invest and US$75 million from co‑lenders or B‑lenders, with a tenor of up to 13 years. The Project's guarantors are Assets Real Estate Development Company W.L.L., a leading Qatar‑based real estate developer with assets exceeding US$15 billion across multiple regions, and Power International Holding W.L.L., a major Qatari conglomerate operating in construction, real estate, agriculture, lifestyle, and services. The project seeks to address the shortage of international‑standard accommodations in Guyana, support increasing corporate and tourism demand, establish a landmark destination in Georgetown, and contribute to IDB Invest’s S&I, Climate Finance, and MSME objectives.