- Funding Needed
- $10 (Mio)
- EB5 Funding
- $10 (Mio)
- EB-5 Investors
- 20
- Investment Amount
- $500,000
- Category
- Accommodation and Food Services
- Sub-Category
- Hotels (except Casino Hotels) and Motels
- State
- Utah
- Location
- Wasatch County, Utah
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- Last Update: February 04, 2015 01:00 PM
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The Homestead Resort
Project Description
The Homestead Resort was recently acquired by a partnership of prominent local businessmen who have invested a significant amount of money to renovate the guestrooms and improve management at the resort. Utah Regional Investment Fund (URIF), a USCIS-approved Regional Center, is sponsoring a partnership of only 20 investors ($10 million) to assist the owners in recapitalizing the resort, completing renovations, and adding thermal pools in order to increase profitability. This investment will be in the form of a “first mortgage” loan made to the existing owners, who have invested $6 million of their own capital in the project. The value of the resort, $6 million capital investment by strong local owners, and the excess land and development rights included in the 152-acre parcel all contribute to make this a very safe investment; in addition, the fact that the resort is already open and is already providing jobs and economic impact to the local community result in an ideal project for EB5 investment
Regional Center
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