- Funding Needed
- $45 (Mio)
- EB5 Funding
- $45 (Mio)
- Amount Subscribed
- $45 (Mio)
- EB-5 Investors
- Investment Amount
- Subscription Fee
- Accommodation and Food Services
- Hotels (except Casino Hotels) and Motels
- New York
- 42nd Street and Broadway, New York
- Last Update: May 20, 2015 01:40 PM
Not Verified Project
Your Project was viewed 31 times (totally).
For the last 7 days 2 times.
- Developer Name
- FelCor Lodging Trust
NYIF Knickerbocker Hotel, LLC (“NKH”), a New York limited liability company, has been formed to invest in a project with sponsors from the New York Immigration Fund Regional Center (“NYIFund”). NKH intends to provide preferred equity financing to be used for redeveloping a vacant hotel condominium unit of a building into an upper-upscale/luxury independent hotel. The Project is owned by a joint-venture partnership between affiliates of FelCor Lodging Trust Incorporated (“FelCor”) and Highgate Holdings, L.P. (“Highgate”). An affiliate of Highgate will manage the hotel when the project is complete. The Project is located on the corner of 42nd Street and Broadway in the heart of Times Square in New York City.
The Project contemplates redeveloping an existing landmarked 15-story condominium unit into a 4½ star independent boutique hotel. When complete, the hotel will consist of 330 guestrooms on twelve floors, a ground floor reception area with access from both Broadway Avenue and 42nd Street, in addition to a restaurant, bar, lounge, approximately 2,000 square feet of meeting area, and a fitness center, all of which will be located on the fourth floor of the building. The hotel will also have a rooftop lounge featuring an indoor/outdoor bar overlooking Times Square. The Hotel will have its main entrance on the iconic 42nd Street, where the elevators will take guests to the fourth floor sky lobby which will feature remarkable views of Times Square.
News & Updates
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.