Common Contracts
1 similar Loan Agreement contracts
ContractLoan Agreement • August 5th, 2016
Host Country(ies): Iraq (Kurdistan) (“Project Country”) Name of Borrower(s): Claremont Hotel Real Estate Investment LLC (“Borrower” or the “Developer”), a limited liability company organized solely for theProject under the laws of Iraq, wholly owned by Erbil Hotel Partners S.C.S., a to-be formed Luxembourg limited partnership (“Erbil Hotel Partners”). Project Description: The OPIC Direct Loan will be used by the Borrower to support the development, construction and operation of a DoubleTree Suites by Hilton-branded hotel and serviced apartment (the “Hotel”) in Erbil, Iraq (the “Project”). The Hotel, which will operate under the DoubleTree Suites by Hilton brand, will be managed by HiltonInternational Manage (“HIM”), a global leader in the hospitality industry, and will be the first hotel sponsored by an American company and operated under an American hotel flag in Iraq. The Project will support the economic development of Iraq and promoteforeign direct investment in the country. Propos
