Hotel La Compañia El Valle

proposed

IDB Invest proposes to fund up to US$5 million for the acquisition, renovation and rebranding of Hotel Los Mandarinos, an existing 70-room standalone hotel, together with a restaurant and an event venue. Once the hotel is fully built, it will be rebranded asHotel La Compañía El Valleand will be operated as part of The Unbound Collection by Hyatt portfolio.The Project is expected to contribute to the economic development of Anton Valley by supporting the first hotel affiliated to an international brand in the area and one of the first ones outside the City of Panama.The Project’s development goals include: (i) increasing service export thanks to an improved use of the existing hotel infrastructure and (ii) creating business opportunities for local suppliers and employees.