Funding

Funding Needed
$76 (Mio)
EB5 Funding
$25 (Mio)
EB-5 Investors
50
Investment Amount
$500,000

Jobs

Job Creation per Investor
14.9
Job Creation (Total)
743
Category
Accommodation and Food Services
Sub-Category
Hotels (except Casino Hotels) and Motels

Location

State
California
Location
1106 & 1108 South Broadway, Los Angeles, CA 90015
Staticmap?center=34.0393742, 118

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Proper Hotel


Developer Name
The Kor Group

Project Description

CURRENT OFFERING: EB5 Capital - Jobs Fund 12, LP

Proper Hotel 

Our current project available for subscription is Proper Hotel, a luxury boutique hotel located in downtown Los Angeles, California. The developer for this project is The Kor Group, a leading development firm most well-known for creating the Viceroy Hotels. If you follow the link to Kor's newly launched website for Proper Hotel, you can view a brief video (about 1 minute long) that introduces the Proper Hotels brand. The Wall Street Journal recently published an article discussing the rising popularity of this type of luxury boutique hotel -- also called "Lifestyle Hotels" -- among the top developers and hotel operators in the real estate industry. In fact, the CEO and founder of Kor Group, Brad Korzen, is mentioned in the article as a veteran of the lifestyle hotel industry, and Proper Hotels is used as an example of the rising trend in boutique hotels. The article can be found here: Parade of New Lifestyle Hotels Continues in 2015.
 
The Proper Hotel project has 50 total investors, and the investment amount is $500,000 per investor. Since the project opened for subscription, 30 investors have already subscribed, and 24 investors have already filed their I-526 petitions with USCIS. As of today, there are 20 slots available for subscription. 
 
You can view the Project Brochure for Proper Hotel in both English and Chinese under the "Documents" Tab. If you would like to learn more about this project, please contact us by email at info@eb5capital.com, or call us at (202) 652-2437. 

 

Project Timeline

Zoning Approval – Q2 2014
Architectural Drawings – Q3 2014
EB-5 Fundraising - Q4 2014
Groundbreaking – Q1 2015

Construction Duration - 21 months

Proper Hotel: Map

1106 & 1108 South Broadway, Los Angeles, CA 90015



Project Location Description

1106 & 1108 South Broadway, Los Angeles, CA 90015

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