Continued from page 41
“Top 100 Owner & Developer”
“Top 100 Management Companies”
Hotel Business
*50+ Hotels*
*9,000+ Rooms*
*4,000+ Employees*
*$300M+ in Annual Revenue*
*Preferred Owner/Operators for
Hilton, Starwood, IHG & Marriott*
EB-5 Projects
Open for Subscription:
123-Room Marriott Residence Inn
Miami, FL
150-Room Hilton Canopy
West Palm Beach, FL
Petitions that were filed prior to the date of enactment would not be
subject to this capital investment increase.
Five years after enactment, the Secretary would be given the
discretion to adjust the minimum amounts required for investment.
If were no increases in the minimum amount during the five prior
fiscal years, the minimum amounts would be automatically adjusted
by the amount of cumulative percentage change in the Consumer
Price Index (CPI-U) for the previous five fiscal years (rounded to
the nearest multiple of $10,000). If the Secretary increased the
minimum amount during the previous five years by an amount
that is less than the cumulative percentage change in the CPI-U,
the minimum amounts would be automatically adjusted by the
amount of such cumulative percentage change for such period
minus any increase previously designated by the Secretary (rounded
to the nearest multiple of $10,000). If the Secretary increased the
minimum amount during the previous five fiscal years by an amount
that is greater than the cumulative percentage change in the CPI
during the previous five fiscal years, the minimum amounts would
not be increased.
Source of Funds:
Gifted funds would only be counted toward the minimum
capital investment requirement if they were gifted to the immigrant
investor by a spouse, parent, son or daughter. Capital derived from
loans may be counted toward the minimum capital investment if the
loan was secured by assets owned by the immigrant investor and was
issued by a banking or lending institution that is properly chartered
or licensed, which would be verified by the Secretary. No foreign
government entity would be permitted to provide capital to, or be
directly or indirectly involved with the administration of a regional
center, a new commercial enterprise, or a job-creating entity.
EB-5 Integrity Fund:
With this Act, an EB-5 Integrity Fund would be established in
the United States Treasury to be used to conduct audits and site
visits, investigate fraud, determine regional center compliance with
applicable laws, and conduct interviews with affiliated parties in the
regional center program.
Each designated regional center would be responsible for the
$25,000 Integrity Fund annual fee. The fee would be reduced to
$10,000 if a regional center has 20 or fewer total investors in the
preceding fiscal year in its new commercial enterprises.
For more information
please contact:
Carlos Rodriguez Jr.
crodriguezjr@dhmhotels.com
www.DriftwoodHospitality.com
42
Redefining ‘Targeted Employment Areas’:
The Secretary would establish a process by which regional centers
may request a designation as a targeted employment area which may
be renewed for additional two-year periods, if the area continues
to meet the definition of a ‘targeted employment area’ (that is, a
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