The VOCO Hotel in Manhattan offers a compelling investment opportunity for foreign nationals interested in obtaining U.S. permanent residency through the EB-5 Investor Visa program. This primely located hotel project, combined with the benefits of the EB-5 visa, presents a unique chance to secure a prosperous future in the United States while contributing to a thriving economic development.
Despite all odds, the USA remains a gravitational center for affluent individuals seeking alternative residency and making wise investments. The EB-5 Investor Visa Program, established by the U.S. Congress in 1990, is a unique pathway for foreign investors to obtain permanent residency in the U.S. Designed to stimulate the economy through job creation and capital investment, the program offers a win-win scenario for both: the investors and the American workforce.
To qualify for the EB-5 Investor Visa program foreign investors must create or preserve at least ten full-time jobs for U.S. workers and make the required investment. The investment amount varies based on the location: $800,000 for targeted employment areas (TEAs) – generally rural locations and $1,050,000 for outside TEAs.
The program is not just about financial investment, as investors, their spouses, and unmarried children under 21 are becoming eligible to obtain ‘Green Cards’. This opportunity to live, work, and study in the U. S. makes the EB-5 visa attractive for many high-net-worth individuals willing to secure a future in America.
Bayat Group, a trusted advisor on immigration, residency, and citizenship since 1993, recommends the VOCO Hotel, a new real estate development by AC 711 Hotel Partners, TSQ Development, and 711 Atlas Development in Manhattan, New York City. This upcoming hotel is poised to be a new gem in the city’s hospitality landscape. Foreign investors in this project may qualify for EB-5 investor visas.
VOCO Hotel, Manhattan, NY
The 422-room hotel will feature three food and beverage venues, including a unique rooftop bar with an unobstructed Times Square view. The project is located at a prime spot and is poised to be the last hotel developed in this part of the city due to recent zoning changes. With foundation permits secured, construction is on track. Currently, the building structure is almost complete, inside installment works are underway and the hotel is expected to open in the second half of 2025.
The VOCO Hotel, strategically located in the heart of Manhattan, is poised to become a landmark destination for both business and leisure travelers. Its modern amenities, eco-friendly design, and prime location will attract a diverse clientele, ensuring robust occupancy rates and steady revenue streams.
By investing in the VOCO Hotel, investors can not only benefit from the financial returns of a thriving hospitality market but also qualify for permanent residency in the United States.
Reasons to Invest in the VOCO Hotel?
Prime Location:
Situated in Manhattan, the hotel is close to major attractions, business centers, and transportation hubs.
Sustainable Design:
The VOCO brand is known for its commitment to sustainability, incorporating eco-friendly practices and materials in its construction and operations.
Strong Market Demand:
Manhattan remains one of the most sought-after destinations for tourists and business travelers alike, ensuring a steady demand for hotel accommodations.
Job Creation:
The development of the VOCO Hotel is expected to create numerous jobs, fulfilling the EB-5 program’s requirement for job creation2.
Investing in the VOCO Hotel in Manhattan is more than just a financial decision; it’s a pathway to becoming a part of the vibrant and dynamic New York City community. With the added benefit of the EB-5 Investor Visa, foreign investors have a unique opportunity to secure their future in the United States while contributing to the growth and success of a landmark development.
Investment ‘At Risk’
The U.S. legislation stipulates that EB-5 investments must be inherently considered “at risk” capital, meaning there’s potential for loss. This requirement underscores the importance of thorough due diligence. It is extremely important to carefully investigate and research the investment opportunity.
While risk cannot be fully eliminated, the VOCO Hotel project mitigates these concerns through its prime location, established development partners, and strong market demand. By investing in a well-established market with a tangible asset, investors can reduce the uncertainties often associated with EB-5 investments.
Benefits of EB-5 Investor Visa
The EB-5 Investor Visa offers numerous advantages for foreign investors seeking to immigrate to the U.S. Beneficiaries include the primary investor and defined family members (a spouse and unmarried children under 21). Beyond obtaining permanent residency (a Green Card), the program provides a clear path to U.S. citizenship.
EB-5 visa holders enjoy unrestricted work and travel privileges within the country and can freely enter and exit the country. Additionally, they have the flexibility to start businesses without immigration constraints.
Investors’ children can access the U.S. public school system, and there are no language or professional experience requirements. In certain cases, the EB-5 visa might offer a faster route to a Green Card compared to other immigration categories like EB-2 or EB-3.
‘Green Cards’
EB-5 investors initially receive conditional green cards. This means the green card is valid for two years. To remove the conditions and obtain a permanent green card, EB-5 investors must demonstrate that the invested capital has met the job creation or preservation requirement. The VOCO Hotel business plan fully satisfies the conditions set by the United States Citizenship and Immigration Services (USCIS) in that regard and foreign investors of the project will easily meet this requirement. In two years, investors need to file Form I-829 Petition to remove conditions on permanent residence. After the approval of the I-829 petition, the investor together with family members receives a 10-year green card.
Conclusion
The U.S. keeps attracting foreign investors due to its robust economy, diverse opportunities, and high quality of life. The country offers a stable and transparent business environment, making it an attractive place for investment. Its world-class education system, advanced healthcare facilities, and vibrant cultural landscape provide an appealing lifestyle for investors and their families. The promise of permanent residency through the EB-5 program allows investors to secure their future in a nation known for its innovation, economic strength, and commitment to individual freedoms.