EB-5 Project

EB-5 Project

Key Project Highlights

  • 200-key, full-service Radisson hotel and 1,394 m2 convention center
  • Prime visibility on the I-15 corridor in the fastest growing area in California
  • 10.3 jobs created per investor
  • Competitive landscape for full-service hotels in the area is dated and sparse
  • $20M EB-5 raise

Construction Timeline

Construction Timeline

Project Overview

10.3 jobs created per investor

  • 411 permanent full-time local jobs created

Meets significant unmet local demand

  • Victor Valley area has grown rapidly in the last decade

Excellent location

  • Prime visibility on the I-15 corridor in the fastest growing area in California

200 room full-service hotel

  • Modern design with new construction and direct highway frontage location

$42.3M total project cost

  • $20M EB-5 raise and equity investment

Global brand with broad reservation network

  • Radisson is one of the world’s leading hotel brands with more than 360 hotels in operation and 120 in development

Lack of competitive supply

  • Competitive landscape for full-service hotels in the area is dated and sparse

1,394 m2 of convention space

  • Tradeshow and conference friendly flexible space for business events and entertaining

Project Development Capital Stack

Project-Development-Capital-Stack

Project Sources and Uses of Funds

Project-Sources-and-Uses-of-Funds

Southern California

  • Famed for its sunny weather and dramatic Pacific coastline
  • Strong economy centered on entertainment, petroleum, finance, and biomedical
  • Home to numerous sports franchises, amusement parks, zoos, and award-winning beaches
Southern-California

About California

  • Most populous state in the U.S.
  • Largest gross state product in the U.S. (larger than the GDP of all but 5 countries)
  • Sunny, Mediterranean climate that supports golf, beaches, and other outdoor activities
  • Excellent schools, high quality of life, and hundreds of miles of beaches on the Pacific Ocean
  • Home to more than 663,000 millionaires, more than any other U.S. state
About-California

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