Rendering of the Doral DoubleTree by Hilton
Developers said project's total value is roughly $26 million
With construction well underway at their Hilton-branded hotel in Doral, partners Driftwood Hospitality Management and American Opportunity Regional Center just secured a $16 million loan to help finance the project, including $10 million from EB-5 investors.
County records show the loan was sourced both from an affiliate of Miami’s BridgeInvest and American Opportunity, which facilitates EB-5 investments from foreign nationals.
The developers broke ground on their 150-room hotel in July at 10250 Northwest 19th Street, across the street from the Miami International Mall. It’s slated to be a DoubleTree by Hilton, with an amenities package including three meeting rooms, two full-service bars, a pool, fitness center and a restaurant. Driftood and American Opportunity said in a release that they expect the project to wrap up by summer 2017. The project’s total value is roughly $26 million, the release stated.
Read more by clicking below image