Ocean Hotels has signed a US$100 million loan agreement with Export Development Canada. The loan will allow Ocean Hotels to draw up to US$100 million in construction financing prior to delivery of the vessels. The US$40 million prefunding to Davie Yards, as announced July on 24, is included in the US$100 million loan.
Green Marine
about 17 years ago
Canadian “flotels” get government help for financing two accommodation vessels
Ocean Hotels has signed a US$100 million loan agreement with Export Development Canada. The loan will allow Ocean Hotels to draw up to US$100 million in construction financing prior to delivery of the vessels. The US$40 million prefunding to Davie Yards, as announced July on 24, is included in the U
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