With an investment of US$45 million, the Royal Decameron hotel group will expand the facilities of the Decameron Salinitas hotel and carry out the construction of other properties
The funds obtained in the securitization will be used to finance 75% of the 60 million dollars required for the announced projects, which will be the assets that support the securities placed.
In this way, the hotel company announces that the new hotels that are going to be built will do so, one in the center of the capital of the country, San Salvador, and the other on Icacal beach, in the Usulután area.
As highlighted by the press of the region, investors will have a gross return of 7%, with an interest rate of 6.5%.
As regards the term to be able to make the aforementioned issue effective, it will be ten years with a grace period of two years, where only interest will be paid.
In the remaining years, the capital plus interest will be amortized on a quarterly basis. The entire revenue will be administered by the Bank of Central America.
