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Hilton Bujumbura
Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 30862
Company nameOpulent (B)
Country
Burundi
Sector1City and Business Hotel
Environmental categoryB
Department
StatusActive
Date SPI disclosedAugust 17, 2011
Projected board dateSeptember 16, 2011
Previous EventsInvested: March 14, 2013
Signed: November 4, 2011
Approved: September 27, 2011
View Environmental & Social Review Summary (ESRS), click here
click here
  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
The proposed project consists of the renovation and rebranding of the former 3-star 106 keys Novotel hotel in Bujumbura, Burundi into a 4-star 138-room “Doubletree by Hilton” hotel (the “Project”or the “hotel”or “Hilton Bujumbura”). The hotel will be the first international, upscale brand operating in Burundi and will address the lack of adequate accommodation facilities in Bujumbura.

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