Bank Gospodarstwa Krajowego has provided a long-term investment loan of up to USD 60 million to the Molo Group, which is owned by the Slominski family.
According to the Dentons law firm, which, along with the Griffiths & Partners and Massiah Law firms, advised BGK on the deal, the financing will support the development of a hotel complex on Providenciales, the main island of the Turks and Caicos archipelago in the Caribbean. The complex, comprising 251 rooms and suites, will include two modular hotels – the 4-star boutique Indigo hotel (scheduled for completion by the end of 2025) and the 5-star Kimpton hotel (scheduled for completion in the first half of 2027). The buildings will be constructed using equipment and modules manufactured in Poland.
The JedwabnyLegal, Isolas, and Miller, Simons and O’Sullivan law firms reportedly advised the Molo Group on the deal.
Image source: www.tripadvisor.co.uk