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BEL OMBRE HOTEL

Signature(s)

Amount
€ 12,200,000
Countries
Sector(s)
Mauritius : € 12,200,000
Services : € 12,200,000
Signature date(s)
12/08/2003 : € 2,800,000
12/08/2003 : € 3,300,000
12/08/2003 : € 6,100,000
Link to source
Data sheet
BEL OMBRE HOTEL
Other links
Summary sheet
Bel Ombre Hotel

Summary sheet

Release date
29 July 2003
Status
Reference
Signed | 12/08/2003
20030010
Project name
Promoter - financial intermediary
Bel Ombre Hotel

Pristine Resorts Ltd
Chantecler H.Q.
Gentilly, Moka
MAURITIUS

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 12 million
Approximately EUR 43 million
Location
Sector(s)
Description
Objectives

In the context of the redevelopment of portion of an extensive sugar estate into an Integrated Resort Scheme the project involves the construction and operation of a resort hotel comprising 158 keys. The project will be established in the southern part of Mauritius, one of the least developed but most unspoiled parts of the country.

As third largest foreign exchange earner, tourism has become a key sector for the economic development of Mauritius, a country which is endowed with only few other natural resources. Through its high standards and variety of unique features the project aims to enhance Mauritius as a destination for high quality, sustainable tourism.

Environmental aspects
Procurement

The Developer is committed to meet all local regulations and the international hospitality industry standards for a sustainable tourism development. An EIA has been prepared and presented to the relevant authority for approval.

Procedures in line with the Bank's guidelines.

Comments

Tourism

Link to source
Summary sheet
Bel Ombre Hotel
Other links
Data sheet
BEL OMBRE HOTEL

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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