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Issues faced by Hotel Indigo resort in Coachella are not unusual

Viji Durga  August 12, 2019   comments   Fraud

EB-5 Visa, EB5 Visa, EB5 Investments

Coachella is betting Hotel Indigo will bring tourists, taxes, and jobs. But first, the hotel has to weather construction delays. 

The delay in opening is primarily attributable to the project expanding in size and doubling in cost. We expanded from 250 to 300 rooms, increased the size of each room 20%, added a restaurant, and doubled the conference building’s size.  

As a result, we decided to pursue EB-5 financing, which is used by hotels such as Hilton and Marriott. We expect recapitalization to be complete by year-end.

Source: https://www.desertsun.com/story/opinion/2019/08/12/letter-issues-facing-indigo-resort-are-typical/1992291001/

Read more by clicking below image 

 

EB-5 Visa, EB5 Visa, EB-5 Investment

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