- Funding Needed
- $232 (Mio)
- EB5 Funding
- $100 (Mio)
- EB-5 Investors
- 200
- Investment Amount
- $500,000
- Subscription Fee
- 50,000
- Job Creation per Investor
- 16.3
- Job Creation (Total)
- 3268.9
- Category
- Accommodation and Food Services
- Sub-Category
- Hotels (except Casino Hotels) and Motels
- Structure
- Loan
- Amount of EB-5 investors anticipated for this phase?
- 230
- Expected Maturity
- 5 years, with an option to extend for two additional 1 year periods.
- Expected Return
- 1.0%
- Principal equity in project?
- Yes
- Does this project have approved I-526's?
- No
- Does this Regional Center have approved I-526's?
- No
- Does this Regional Center have approved I-829's?
- No
- State
- Puerto Rico
- Location
- State Road PR-3, Quebrada Vueltas Ward, Fajardo, Puerto Rico
- Last Update: February 04, 2015 01:01 PM
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Resort at Cayo Largo
- Developer Name
- Resort at Cayo Largo, LLC
Project Description
The Resort hotel (the "Hotel") will consist of 136 rooms (140 keys) with approximately 25% suites (two of the Hotel's two-bedroom suites arc designed with 2 keys apiece, and the Royal Suite is designed with 3 keys, resulting in 136 rooms and 140 keys). The Hotel will offer guests a variety of room options from typical guest rooms beginning at approximately 600 square feet to a world- class luxury suite with approximately 5,400 square feet of living space. The Hotel will offer guest amenities and facilities consistent with expectations of the Four Seasons© brand including the following:
• Multiple pools designed to accommodate families and adults;
• A 5-star spa and fitness center will approximately 16,800 combined square feet of facilities with an additional outdoor yoga pavilion;
• A Kids Center and Teen Center with approximately 3,000 square feet of combined activity space;
• Meeting and event space including approximately 12,000 square feet of banquet, meeting, pre-function and business services spaces with outdoor terraces;
• Multiple restaurants providing a variety of dining and entertainment options, designed and decorated to provide separate and unique dining and nighttime entertainment experiences for hotel guests and visitors from the surrounding community;
• An integrated business center; and
• Approximately 2,000 square feet of retail where guest can purchase necessary staples, jewelry, clothing, and spa and beach merchandise.
Project Timeline
The Hotel Project will be constructed over a 36-month period commencing in June of 2013 and ending in the middle of 2016, subject to a variety of factors.
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