Rendering of EVEN Hotel in Miami.
190-room hotel broke ground last week, also tapping EB-5 investors for construction
IHG’s new wellness-oriented brand is headed for Miami.
Epelboim Development Group closed on $20 million in financing for the 190-room, seven-story EVEN Hotel near Miami International Airport, according to a press release.
The hotel, which will have health and wellness-oriented programming and food and beverage options, is also being financed via Latin American investors using the EB-5 visa program.
Hall Structured Finance is the lender for the first mortgage. The hotel, at 3499 Northwest 25th Street, broke ground on Thursday. Epelboim paid $3.8 million last year for the 1.85-acre lot, which overlooks a lagoon.
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