Project description
To carry out a project comprising the financing, rehabilitation, transformation, extension, operation and maintenance of the CNPS building on Avenue Charles de Gaulle in Douala, Cameroon, into a 180-key luxury hotel residence operated by the Radisson Hotel Group as the Radisson Blu Hotel Douala.
Issues
To meet the growing demand in Douala for 5-star hotel services operated by an international chain, which are currently non-available, and the absence of any similar project currently being developed.
Client
FINANCIA PROPERTIES
Amount of the transaction
XAF 25 Billion
Mission of FINANCIA Capital
Financial Advisory
Achievements (2017)
- Finalized the institutional, legal and financial structures of the Project
- Recruited legal, tax and technical advisors
- Produced the financial documentation including the Information Memorandum and built the financial model
- Coordinated discussions aimed at the conclusion of a Partnership Agreement with the National Social Security Fund (CNPS) and an International Hotel Management Agreement (With the Radisson Hotel Group)
- Structured the security package
- Negotiated the legal instruments aiming at the financial closing of the Project
- Produced the Information Memorandum
- Mobilized funds from investors
Project status
In progress (construction phase)
