Unique hotel project’s use of EB-5 funds to bring two dozen investors and more than 290 jobs to the United States
NES Financial announced today that its Intelligent EB-5 Solutions – Fund Administration and Immigration Workflow – have been selected by Epelboim Development Group on their latest project, EVEN® Hotel at the Miami Int’l Airport.
The EB-5 visa program, created in 1990, encourages investment into projects that stimulate U.S. job growth, while providing an opportunity for foreign nationals to become lawful permanent residents. While relatively obscure in early decades, recent years have seen exponential growth in the use of this capital in projects of all types and sizes. Commercial real estate developers in particular have gravitated strongly toward low-cost EB-5 money, frequently making it a standard part of their capital stacks.
Located one mile east of the Miami International Airport, EVEN® Hotel at Miami Airport will feature 190 rooms and a five story parking garage when it opens in 2018. EVEN® Hotels is the newest lifestyle hotel brand of the InterContinental Hotels Group and was created with wellness at its core. The brand is designed to help travelers Eat Well, Rest Easy, Keep Active, and Accomplish More, making it ideal to better serve wellness-minded travelers and is the first of its kind in the Southeast and the fifth of its kind in the entire country.
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