Los Portales S.A.

General

In operation since 1996, Los Portales S.A. is a Peruvian company with the following core business lines: (i) hospitality services, including the operation of five 3- to 5-star hotels catering to corporate and executive travelers (the Country Club Hotel in Lima, and the Los Portales hotels in Tarma, Piura, Chiclayo, and Cusco; (ii) real estate services, focusing on real property sales through urban land development and low-cost housing projects; and (iii) parking facilities services, including the operation, utilization, and management of its own such facilities via franchise or lease.The IIC loan for up to US$3.5 million would be used primarily to expand and remodel facilities of the Los Portales S.A. hotel division.