Coco Ocean resort and spa, the Gambia
Name and Location
Coco Ocean resort and spa, the Gambia.
Project Description
The planned greenfield project involves the construction of a five-star hotel, which will include about 100 suites, 12 villas, three restaurants, a spa and a 250-person conference room.
Value
The project is valued at €23,7-million.
The International Finance Corporation (IFC) has been requested to provide a loan of €7,5-million for IFC's own account.
The remainder of the project will be funded by equity from the sponsors and additional debt from local/regional banks.
Duration
Not stated.
Client
The Coconut Company.
Key Contracts and Suppliers
None stated.
Latest Developments
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
The Coconut Company, tel +220 446 3377 or fax +220 446 1835.
IFC corporate relations, tel +1 202 473 3800 or fax +1 202 974 4384.
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