A New Way to Invest – Atlanta’s Carnegie Boutique Hotel

The great team over at Vici has developed a new boutique hotel in the middle of downtown Atlanta.  What’s more interesting than the hip location, the awesome interior mezzanine, and the triangular shape reminiscent of NYC – is the new method of investment.  Vici has ponied up over US $21,000,000 for the renovation and development.  To cover the remaining US $10,000,000 they are working with international high net worth individuals and with the immigration department to combo up high priority Visa’s, or the EB-5.  This new fusion of Visa helps in many different ways, bringing wealthy investors to the US, bringing over their spending habits, and allowing more travel and business to occur.  Here’s how it works, investors place 1,000,000 each (or ten in the case of the Vici deal) and in return are able to bypass many of the regulations on Visa.  For instance, in a country like Egypt, approximate wait time for a Visa is 7 years.  The high net worth investor gets two things, a very prestigious top notch EB-5 Visa and also an investment with a rock solid return.   It allows us hotel financiers a new way to raise capital, which is extraordinarily necessary in today’s credit crunch.  Look for more projects of this  nature to follow……. JLD