OUR HERITAGE
Cisneros 1/2
US$119.5MM Capital Raise for a Sustainable Resort in the Dominican Republic
Delphos served as the sole financial advisor to Cisneros Real Estate in obtaining debt financing from the International Finance Corporation (“IFC”) and IDB Invest to support the construction and operation of Tropicalia, a 169-key hotel and 24 beachfront residences in Miches, which is 80 kilometers west of Punta Cana. The long-term loans consisted of US$79.5MM from IFC and US$40MM from IDB Invest.
Sector
Services
Amount Raised
US$119,500,000
Deal Type
Capital Raising
Unique Challenge
To create an inclusive supply chain linking local farmers and entrepreneurs to hotel and tourism demands
Sub-sector
Hospitality
Year
2018
Type of Financing
Debt
Deal Impact in Numbers
Construction of 169-key hotel and 24 beachfront residences in Miches and creation of 1,800 jobs during construction, 500 jobs during operations
Lender
IDB, IFC
SDGs
Borrower
Cisneros Group
Deal Impact in Lives
Attraction of new visitors resulting in highly developmental job creation, tax revenue, private sector expansion, and local supply chain creation
Location
Dominican Republic
Interested in working with us?
Delphos arranges capital raising (debt and equity) and transaction advisory for emerging-market project sponsors and operating corporates across Africa, Asia, Latin America and the Caribbean, and Emerging Europe.
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Delphos- Premier Financial Advisor in Private Emerging Markets
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