1. EB5 Overview
Congress created the EB-5 immigrant investor visa category in the Immigration Act of 1990 in the hopes of attracting foreign capital to the US and creating jobs for American workers in the process. There are 10,000 visas available in the category each year, 3,000 of which are reserved for people who participate in a EB-5 pilot program designed to target low employment areas such as the program featured on this website.
There are three basic requirements for an EB-5 visa:
- First, the alien must establish a business or invest in an existing business that was created or restructured after November 19, 1990.
- Second, the alien must have invested $1 million (only $500,000 when investing in a Targeted Employment Area, TEA or rural area) in the business.
- Third, the business must create full-time employment for at least 10 US workers (by working with a USCIS approved Regional Center, jobs may be direct, indirect or induced).
2. EB5 Projects
Northwestern Marriott Courtyard Hotel, GA
- $6,000,000
- US $500,000 per Unit August 28, 2013
- Maximum of 12 Units minimum of 9 Units
- Accept investors since 8/28/2013
- This Executive Summary is a brief explanation of Northwestern Marriott Courtyard Hotel GA (the “Project”). The project is one of many Regional Center projects being develope
Description of the Business
- The project site is located near I-75 and the intersection of Barrett Parkway and Cobb Parkway (US 41). The planned project consists of a 100 room, limited-service hotel with meeting rooms, food & beverage service and related ameniti The project will be developed and managed by the Peachtree Hotel Group, LLC (PHG) under the Courtyard by Marriott flag.
- This project location is within a well-established commercial location within Cobb County, near the Town Center Mall and part of the Town Center Community Improvement District (CID). The area is a large and active retail/entertainment district and is located near office and manufacturing employme The I-75 corridor north of Atlanta contains numerous hotel and motel offerings including budget, limited service and full-service accommodations. The region’s accommodations inventory has grown and upgraded over time and this property will diversify the mix of accommodations currently offered within the Town Center CID.
Regional Center
- Each prospective investor shall file a petition for permanent residency via the EB-5, S. Immigration Investor program (the “Program”). The advantages of including this project in the approved Regional Center are that the required job criteria may be direct or indirect and the investor has limited involvement in the implementation and operation of the investment activity. The Yellow Rock Property team is comprised of experienced business professionals.
- Upon the prospective investor’s I-526 Petition being approved, and subject to the investor’s satisfaction of the conditions of this Offering, the investor will be issued a unit of interest in Northwestern Marriott Courtyard Hotel Project as partnership format and the investor’s investment will be final and irrevocable. The rights and obligations of each Unit holder are governed by the Limited Partnership Agreement (the “Limited Partnership Agreement”).
Offering Conditions
This Executive Summary is not an offering of Units, and such offering is only made pursuant to the Confidential Offering Memorandum (“PPM”).
The Offering of the Units will be offered and sold without registration under the Securities Act or the State Securities Acts only as follows:
- outside the United States, in reliance upon Regulation S promulgated by or under the Securities Act only to persons who are not “U.S. Persons” within the meaning of such Regulations; and/or
- within the United States, in reliance upon Section 4(2) of the Securities Act and Rule 506 promulgated thereunder, only to persons who are “Accredited Investors” within the meaning of Rule 501 promulgated under the Securities Act.
Allocations and Distributions
Net proceeds realized from the interest earned, sale, repayment or distribution of profit realized from the Partnership’s investments will be allocated and distributed as follows:
- First, 100% to the Limited Partners until each Limited Partner has received $500,000 in distributions.
- Second, 99% to the General Partner and 1% to the Limited Partners, subject to the General Partner’s option to purchase the limited partner’s Unit.
- As a limited partner investors enjoy cash flow – 1% public accounts priority, and the rest will be used as a cash reserve to ensure that general partner returns the limited partner’s original investment of $500,000 capitals when the project expires five years or a limited partner obtains I-829 permanent resident (whichever is later).
We hope you will consider this exciting opportunity to invest in the USA and secure permanent residency for you and your family. If you are interested, we will provide the marketing materials, the economic information, business plan offering documents and any other related information. We are confident that you will agree that this project offers reasonable safety in terms of employment and capital retention. Please feel free to contact us with any questions.