Pickalbatros MAR
Sector: Waste Processing and Treatment • Location: Morocco
Source: International Finance Corporation (IFC)
The proposed investment is an A Loan of up to US$165 million (partially de-risked through an MCPP credit insurance cover) alongside US$135 million mobilized from B/parallel lenders to four Moroccan subsidiaries of the Pickalbatros Group (the “Group”), one of Africa’s largest and most diversified hospitality platforms with 39 hotels and ~16,000 keys across Egypt and Morocco. The Proposed investment
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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 |
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Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed investment is an A Loan of up to US$165 million (partially de-risked through an MCPP credit insurance cover) alongside US$135 million mobilized from B/parallel lenders to four Moroccan subsidiaries of the Pickalbatros Group (the “Group”), one of Africa’s largest and most diversified hospitality platforms with 39 hotels and ~16,000 keys across Egypt and Morocco. The Proposed investment will finance (i) the acquisition of the three assets, (ii) the refurbishment and upgrade of both newly acquired and selected existing hotels, and (iii) refinancing of existing debt, with implementation over 2026–2028. The Project includes sustainability-linked features tied to environmental performance improvements, with refurbishment expected to deliver energy and water efficiency gains, contributing to IFC’s climate objectives. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Procurement method | Obfuscated Data |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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