Grupo Xcaret

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 Founded in 1985, Grupo Xcaret, S.A.P.I. de C.V. (“Xcaret”, the “group” or the “company”) is a leading owner - operator of parks and hotels in the Mexican Riviera Maya since 1990. Xcaret's current portfolio of assets includes 7 themed parks (Xcaret, Xel-ha, Xplor, Xochimilco, Xenses, Xplor Fuego and Xavage), one operational hotel (Hotel Xcaret Mexico), and two hotels in an advanced state of construction (Hotel Xcaret Arte and La Casa de la Playa), opening end of 2021 and 2022 respectively, and 4 themed tours (Xichen, Xenotes, COBA and Tulum). The group owns all land associated with its operations, excluding Xel-Ha, which belongs to the Government, conceded to the group under a 30-year concession. IFC’s proposed investment aims to support the company with additional liquidity and working capital to mitigate the financial impact from the COVID-19 crisis (the “project”). The investment involves a US$100 million corporate loan package consisting of: (i) up to US$75 million secured A Loan and (ii) up to US$25 million from syndication and/or credit insurance. The proceeds from IFC’s investment will be used to pay supplier obligations, employees' salaries, maintenance and repair costs and the construction of a new hotel (Hotel Xcaret Arte with 900 rooms) inside Xcaret’s existing footprint (https://goo.gl/maps/yY7wQr8pxEq2v8Bb7), in addition to other obligations associated with the day to day management of the hotel (e.g., insurers, etc.). No other infrastructure projects will be developed using loan proceeds.