GHM
Sector: Water Supply and Storage • Location: Mauritania
Source: International Finance Corporation (IFC)
The proposed investment is a US$15 million IFC A Loan to Grands Hotels de Mauritanie SA (“GHM” or the “Company”). GHM is a special purpose vehicle established to develop a 200-key Edge-certified upper upscale hotel in Nouakchott (the "Hotel") and operated by Marriott International (the “Operator”) under the Sheraton brand (the “Project”). The majority shareholder of GHM is Société Nationale Indus
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | pending |
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 | The proposed investment is a US$15 million IFC A Loan to Grands Hotels de Mauritanie SA (“GHM” or the “Company”). GHM is a special purpose vehicle established to develop a 200-key Edge-certified upper upscale hotel in Nouakchott (the "Hotel") and operated by Marriott International (the “Operator”) under the Sheraton brand (the “Project”). The majority shareholder of GHM is Société Nationale Industrielle et Minière (“SNIM” or the “Sponsor”). Proceeds of the proposed US$15 million IFC A Loan will be used to settle an existing bridge loan which was raised by GHM to complete the development of the Hotel. The Hotel features restaurants, swimming pools, and shops. The design and construction of the Hotel were managed by GHM, in collaboration with the Operator. Construction of the Hotel started in 2017; however, due to the COVID-19 pandemic, construction was halted and subsequently restarted in 2023. The construction of the Hotel was completed in September 2025 and had a soft opening in October 2025. In January 2026, the Hotel had a 20% occupancy rate. |
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 |