BNDES Lends to Hotels

BNDES Lends to Hotels

Brazil Loans

Brazil’s BNDES will provide BRL132m ($57m) in loans for two hotel projects in Rio de Janeiro, it says. Through the ProCopa Tourism program, it will provide BRL102.8m for the Windsor Mar da Barra Hotel and BRL29.2m for the Arena Leme Hotel. The standard tenor for the credit line is up to 10 years, LatinFinance understands. Once the projects get underway, they can apply for building certifications related to energy and environmental efficiency, with certifications allowing for tenors of up to 15 a

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