Europa Zurqui
Sector: Hotel • Location: Costa Rica
Source: Multilateral Investment Guarentee Agency (MIGA)
MIGA issued $1.9 million in coverage to Radisson Hotels International, Latin America, Inc. (United States) for its $750,000 equity investment in a hotel in San José. MIGA also issued $7.6 million of coverage to the Caribbean Mercantile Bank of the Cayman Islands (CMB), a subsidiary of the Bank of Nova Scotia, for its $8.5 million loan to the project. MIGA guarantees cover Radisson's investment ag
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | not active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | MIGA issued $1.9 million in coverage to Radisson Hotels International, Latin America, Inc. (United States) for its $750,000 equity investment in a hotel in San José. MIGA also issued $7.6 million of coverage to the Caribbean Mercantile Bank of the Cayman Islands (CMB), a subsidiary of the Bank of Nova Scotia, for its $8.5 million loan to the project. MIGA guarantees cover Radisson's investment against the risk of transfer restriction and the bank loan against expropriation, transfer restriction, and war and civil disturbance risks. The hotel is Europa Zurqui, a 107-room,four-star hotel built in 1994. CMB's new loan, covered by MIGA, will refinance existing term debt and provide funds to cover capital improvements. The hotel will have an important impact on local businesses. It will purchase about 80 percent of required goods and services locally, including food products and taxi, telephone, and dry cleaning services. In addition, the local economy will benefit from the increased number of tourists and business travelers. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |