First-Class Business Hotel in the International Zone of Baghdad, Iraq
Delphos arranged $50 million (50% of total project costs) in long-term senior debt from OPIC to support Summit Hotels Limited’s (Summit) construction of a 300-room, first-class business hotel in the International Zone of Baghdad, Iraq. In addition, Delphos assisted Summit’s U.S. and Iraqi owners in obtaining political risk insurance through a reinsurance agreement between OPIC and an Iraqi insurance company.
