BGK Secures $60 Million Financing for Molo Group's Caribbean Development
Deal News | Mar 17, 2025 | CEE Legal Matters
Dentons, in collaboration with Griffiths & Partners and Massiah Law, has advised Bank Gospodarstwa Krajowego (BGK) on a long-term investment loan of up to USD 60 million for the Molo Group. The financing aims to support the development of a hotel complex on Providenciales, part of the Turks and Caicos archipelago. The project includes the construction of two hotels: a 4-star boutique Indigo hotel set to complete by late 2025, and a 5-star Kimpton hotel expected by the first half of 2027. These buildings will utilize equipment and modules manufactured in Poland, showcasing international cooperation and investment in tourism infrastructure. JedwabnyLegal, Isolas, and Miller, Simons and OSullivan represented the Molo Group. Dentons’ advisory team was led by Partners Tomasz Zwolinski and Babette Maerzheuser-Wood, and included Counsels Jakub Zienkiewicz and Agnieszka Nagorska-Kordeczka, along with Associate Kamil Bator.
Sectors
- Financial Services
- Real Estate and Hotel Development
- Legal Services
Geography
- Poland – Poland is significant as the home country of Bank Gospodarstwa Krajowego and the manufacturer of the construction modules.
- Turks and Caicos Islands – This is the location of the hotel development project and thus the central geographic context of the investment.
Industry
- Financial Services – The involvement of Bank Gospodarstwa Krajowego in securing financing highlights the role of financial institutions in facilitating large-scale investment projects.
- Real Estate and Hotel Development – This project involves the construction and development of a hotel complex, which falls under real estate and hospitality sectors.
- Legal Services – The article highlights the involvement of several law firms acting as legal advisors for the transaction.
Financials
- USD 60 million – The amount of long-term investment loan provided for the hotel's development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bank Gospodarstwa Krajowego | Lender | Company | A Polish national development bank providing long-term financing. |
| Molo Group | Target Company | Company | Owned by the Slominski family, Molo Group is developing the hotel complex. |
| Dentons | Legal Advisor | Company | A global law firm advising BGK on the financing. |
| Griffiths & Partners | Legal Advisor | Company | Provided legal services alongside Dentons. |
| Massiah Law | Legal Advisor | Company | Worked with Dentons and Griffiths & Partners on the financing. |
| JedwabnyLegal | Legal Advisor | Company | Advised the Molo Group. |
| Isolas | Legal Advisor | Company | Provided legal advice to the Molo Group. |
| Miller, Simons and OSullivan | Legal Advisor | Company | Part of the legal advisory team for the Molo Group. |