The EB-5 Immigrant Investor visa program has been available for a number of years in different forms; the program, however, has received much more interest from foreign investors in China, India and other international locations in recent years. Funding from the EB-5 program has been used for a number of construction and investment projects, including major hotel projects. In recent years, the EB-5 program has been used to support projects to improve California’s W Hotel and Residences Hollywood (a major project with 305 luxury hotel rooms and nearly 150 private residences, as well as about 25,000 square feet of meeting space. In addition, EB-5 investors have funded construction of a Courtyard and a Residence Inn in New York, and a Westin Hotel in Flushing, New York.
The EB-5 immigrant investor...