EB-5 "visas-for-dollars" financing takes spotlight

7 Sep, 2012

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Marriott International is using EB-5 visa financing for hotel developments in Los Angeles' LA Live complex.

The New York Times DealBook today looks at the EB-5 visa program hotel development companies are using increasingly to finance new hotel development.

The program, which has been available since 1990, grants visas to foreign investors who sink at least $500,000 in an American business.

The article calls the program "a relatively cheap source of financing" used by companies including Marriott International, Hilton Worldwide, Hyatt Hotels and Starwood Hotels & Resorts Worldwide.

Check the Hotel Management online archives for information on more recent hotel development projects that are using EB-5 financing, including the SLS in New York City and the Courtyard by Marriott/Residence Inn by Marriott developments under way at LA Live.

 

Topic : Financing, EB-5
External Source : The New York Times, Hotel Management