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Courtyard Caribe

Sector: Airport • Location: Caribbean Subregion

Source: International Finance Corporation (IFC)

Project
Completed

_x000C_The project entails the creation of a funding facility to support greenfield development over the 2007-2012 period of five hotels, which would be operated under the Marriott Courtyard brand, and one hotel, which would be operated under the Marriott Residence Inn brand, in the following locations:- Managua, Nicaragua;- San Jose, Costa Rica;- near the San Jose International Airport, Costa Ric

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Project Information

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The project “Courtyard Caribe” is an infrastructure initiative in the Airport sector, located in Caribbean Subregion. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

Taiyo status

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Description

Description

_x000C_The project entails the creation of a funding facility to support greenfield development over the 2007-2012 period of five hotels, which would be operated under the Marriott Courtyard brand, and one hotel, which would be operated under the Marriott Residence Inn brand, in the following locations:- Managua, Nicaragua;- San Jose, Costa Rica;- near the San Jose International Airport, Costa Rica; - Playa del Coco, Guanacaste, Costa Rica; - Kingston, Jamaica; and - Bridgetown, Barbados. The project will address the shortage of quality mid-tier hotel rooms in the relevant local markets. The hotels will be constructed and owned by specially-incorporated hotel development companies, which will be controlled by Caribe Hospitality S.A., the sponsor of the project (see the details below) and minority-owned by IFC and local investors.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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