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Panigram Resort to construct eco resort and spa in Jessore

Selim RF Hussain, CEO and Managing Director of IDLC Finance Limited, and Kristin Kay Boekhoff, Managing Director, Panigram Resort Limited, are seen signing an agreement in Dhaka recently

Selim RF Hussain, CEO and Managing Director of IDLC Finance Limited, and Kristin Kay Boekhoff, Managing Director, Panigram Resort Limited, are seen signing an agreement in Dhaka recently

Panigram Resort Limited recently mandated IDLC Finance Limited as the Lead Arranger and Agent for raising Tk 502.62 million term loan and working capital facility for setting up a socially and environmentally suitable boutique eco resort and spa in Jessore.

The resort is located 70km from the forest Sundarbans, a UNESCO World Heritage Site, said a press release.

Panigram, having 34 banglows will be designed to showcase Bangladeshi culture and will arrange a number of activities to give the taste of Bangladeshi village life there.

Panigram will be one of the few resorts that have a spa and wellness center with unique spa treatments facilities based on the health and beauty traditions of the Indian subcontinent. Expatriates, NRBs, large multinational and local corporate houses and local and foreign travelers will be able to enjoy five star hotel facilities to make their staying there memorable. The project will go into operation in the mid-2014 as expected by the sponsors.

Selim RF Hussain, Managing Director of IDLC Finance Limited and Kristin Kay Boekhoff, Managing Director of Panigram Resort Limited signed the term loan agreement on behalf of their respective companies.

http://www.daily-sun.com/details_Panigram-Resort-to-construct-eco-resort-in-Jessore_677_1_3_1_23.html

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