Hotel Xcaret Mexico

Xcaret, founded in 1990, is a group of companies focused on tourism, hotels and amusement parks on the Riviera Maya (Quintana Roo and Yucatan, Mexico). Xcaret has requested a $300 million loan to double the capacity of the current 900-room Hotel Xcaret Mexico, as well as building additional infrastructure (such as a convention center and an underground tunnel), with construction scheduled to commence in 2023 and new facilities opening sometime in mid to late 2025. IFC will lend up to $100 million and the remaining $200 million from unknown parallel lenders.