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Project Information & Due Diligence Profile Completed
36%
Not Verified

Funding

Funding Needed
$23 (Mio)
EB5 Funding
$17.5 (Mio)
EB-5 Investors
35
Investment Amount
$500,000

Jobs

Category
Accommodation and Food Services
Sub-Category
Hotels (except Casino Hotels) and Motels

Location

State
Vermont
Location
830 Jay Peak Road, Jay, Vermont 05859
Staticmap?center=44.9379202, 72

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Viji Durga

Last Update: December 09, 2016 12:05 AM

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Jay Peak Resort - Tram Haus Lodge

Opened: January 01, 2007

Closed: December 31, 2009


Project Description

The Tram Haus Lodge was Jay Peak's first EB-5 project.  35 investors were welcomed to the project in 2007 with $17.5 million raised and invested into the facility.  It opened in December 2009.  57 one, two and three bedroom suites made up the partner's equity and were fully owned by the partners.  Also within the facility is a restaurant, après ski bar, coffee shop and day spa.  Over 225 guests can be accommodated in the suites of the Tram Haus Lodge.  It is a beautiful 4-Star lodge located a few feet from four Jay Peak ski lifts and is adjoined with the 60 person Aerial Tramway that takes skiers and sightseer's to the 4,000 foot summit of Jay Peak.

All 35 investors have been approved at the I-526 level and all 35 have had conditions removed at the I-829 level. We have now bought back the hotel from the investors and they are having their initial $500,000 investment returned to them.

Project Timeline

Project opened in December 2009.
Project completed.
Investors will be paid back their full investment plus 10%, last payment is January 2018.

Jay Peak Resort - Tram Haus Lodge: Map

830 Jay Peak Road, Jay, Vermont 05859



News & Updates

Vermont AG files motion to dismiss EB-5 claims against state defendants
Vermont AG files motion to dismiss EB...
Vermont Business Magazine Attorne...
 October 10, 2017
EB-5 investors: Don’t toss case against ex-Jay Peak owner
EB-5 investors: Don’t toss case again...
The Hotel Jay is the signature pr...
 September 21, 2017
Jay Peak investor sues immigration attorney
Jay Peak investor sues immigration at...
Jay Peak’s Tram Haus Lodge was bu...
 September 07, 2017
Feds Say Inadequate State Oversight 'Allowed' Alleged EB-5 Fraud To Flourish
Feds Say Inadequate State Oversight '...
The Tram Haus Lodge at Jay Peak w...
 August 23, 2017
USCIS intends to shutter Vermont EB-5 program
USCIS intends to shutter Vermont EB-5...
The Tram Haus Lodge was Jay Peak'...
 August 21, 2017
Judge quashes whistleblower deposition in EB-5 investor case against state
Judge quashes whistleblower depositio...
A judge has ruled that, for now, ...
 August 06, 2017
 Nearly $150M Settlement In Fraud Case On Track For Final Ok After No Objections
Nearly $150M Settlement In Fraud Cas...
A proposed nearly $150 million se...
 June 05, 2017
 Sec Seeks To Depose Canadian Executives Over Jay Peak Sale
Sec Seeks To Depose Canadian Executi...
Federal regulators are asking a U...
 May 07, 2017
Jay Peak Receiver Asks Town Board To Waive $164,159 Tax Penalty
Jay Peak Receiver Asks Town Board To ...
The man running Jay Peak Resort h...
 May 05, 2017
 Court Oks Proposed $150M Settlement With Raymond James
Court Oks Proposed $150M Settlement ...
A federal judge has given initial...
 April 21, 2017
Jay Peak's Former Parent Company Is Named In New EB-5 Lawsuit
Jay Peak's Former Parent Company Is N...
This week marks the one year anni...
 April 11, 2017
Jay Peak EB-5 Investors Sue Saint Sauveur Valley Resorts
Jay Peak EB-5 Investors Sue Saint Sau...
Two EB-5 investors are alleging t...
 April 10, 2017
Bill Schubart: Vermont's Ethics Crisis
Bill Schubart: Vermont's Ethics Crisis
The Legislature is at an impasse ...
 April 02, 2017
Governor Scott has plan to expedite disclosure of EB-5 records
Governor Scott has plan to expedite d...
Governor Phil Scott today release...
 March 13, 2017
Unsealed Douglas Documents Show Belief In Stenger's Vision
Unsealed Douglas Documents Show Belie...
Newly unsealed records from Gov. ...
 January 15, 2017
U.S. Ski Team affiliation a boon for Burke Mountain community
U.S. Ski Team affiliation a boon for ...
A new cooperative agreement late ...
 January 11, 2017
EB-5 INVESTORS SEEK CLASS-ACTION CERTIFICATION
EB-5 INVESTORS SEEK CLASS-ACTION CERT...
A group of investors is asking a ...
 January 04, 2017
UNPAID BILLS PROVE HARDSHIP FOR CONTRACTORS IN NORTHEAST KINGDOM EB-5 PROJECTS
UNPAID BILLS PROVE HARDSHIP FOR CONTR...
The litany of woe for contractors...
 December 30, 2016
Fast melting ice prompts tram cable fix jay peak
Fast melting ice prompts tram cable f...
Jay Peak’s tram. A cable mishap l...
 December 08, 2016
Vermont’s $200 million mountain of trouble
Vermont’s $200 million mountain of tr...
Ariel Quiros and Bill Stenger pro...
 December 07, 2016
Jay peak loses $6.5 million going ski season
Jay peak loses $6.5 million going ski...
Jay Peak lost $6.5 million during...
 November 29, 2016
Judge: Jay Peak developer was architect of fraud
Judge: Jay Peak developer was archite...
A federal judge has issued a scat...
 November 23, 2016
State releases redacted EB-5 documents vtdigger fights
State releases redacted EB-5 document...
Bill Stenger, Ariel Quiros and Pe...
 November 21, 2016
Peoples united bank investors square off EB-5 claims
Peoples united bank investors square ...
Jay Peak: Tram Haus Lodge A feder...
 November 19, 2016
Quiros wants EB-5 class action lawsuit dismissed
Quiros wants EB-5 class action lawsui...
Jay Peak: Tram Haus Lodge Attorne...
 November 01, 2016
Jay Peak Resort Delinquent Property Taxes
Jay Peak Resort Delinquent Property T...
Jay Peak Tram Jay Peak Inc., at t...
 October 26, 2016
EB-5 and skiing in Vermont’s Northeast Kingdom: The monumental scandal won’t deter the zealous skiers of the Green Mountain State
EB-5 and skiing in Vermont’s Northeas...
Last spring, the biggest ski-rela...
 October 19, 2016
An Immigrant-Funded Biotech Center in Rural Vermont? What Could Go Wrong?
An Immigrant-Funded Biotech Center in...
Downtown Newport, Vt. Photographe...
 September 29, 2016
Donors With EB-5 Ties Gave To Leahy As Probe Ramped Up
Donors With EB-5 Ties Gave To Leahy A...
A week after federal regulators b...
 September 22, 2016
State Officials Investigated Jay Peak Investors' EB-5 Concerns, But Didn't Inform Them
State Officials Investigated Jay Peak...
Tony Sutton, the British car deal...
 September 08, 2016
Meet The London Car Dealer Who Broke The Jay Peak EB-5 Fraud Case
Meet The London Car Dealer Who Broke ...
Earlier this summer VPR reported ...
 September 07, 2016
EB-5 Investor Says Jay Peak Developers Double-Sold Hotel Jay
EB-5 Investor Says Jay Peak Developer...
An investor alleges the developer...
 August 29, 2016
EB-5 Fallout: Florida Firm Offers $93 Million for Jay Peak
EB-5 Fallout: Florida Firm Offers $93...
Embattled Jay Peak and Burke Moun...
 August 26, 2016
Judge OKs $1.5M Loan To Vermont Ski Resorts' Receiver
Judge OKs $1.5M Loan To Vermont Ski R...
A federal judge has ruled that up...
 August 10, 2016
Receiver Seeks Short Term Loan For Jay Peak Operations
Receiver Seeks Short Term Loan For Ja...
Jay Peak Resort is running short ...
 August 08, 2016
  Documents Suggest State Ignored Warnings About Jay Peak In 2012
Documents Suggest State Ignored War...
State officials ignored warnings ...
 July 25, 2016
Deposition Outlines Alleged EB-5 Fraud
Deposition Outlines Alleged EB-5 Fraud
The CEO and president of Jay Peak...
 July 19, 2016
Quiros Asks Vermont Judge To Dismiss EB-5 Fraud Case
Quiros Asks Vermont Judge To Dismiss ...
The Miami businessman who is accu...
 July 11, 2016
Updated: Raymond James Settles With State For $5.95M In EB-5 Case
Updated: Raymond James Settles With S...
The state has reached a $5.95 mil...
 June 30, 2016
Jay Peak Tram Running As Summer Begins
Jay Peak Tram Running As Summer Begins
Jay Peak Resort reopened its aeri...
 June 28, 2016
Jay Peak opens aerial tram
Jay Peak opens aerial tram
Jay Peak's iconic aerial tram sta...
 June 27, 2016
Jay Peak tram allowed to reopen, closes out Porsche Parade
Jay Peak tram allowed to reopen, clos...
Jay Peak Resort was allowed to re...
 June 27, 2016
Jay Peak Reopens Tram
Jay Peak Reopens Tram
The aerial tram at Jay Peak Resor...
 June 26, 2016
Report On Jay Peak Tram To Be Released This Week
Report On Jay Peak Tram To Be Release...
State officials completed a three...
 June 19, 2016
Jay Peak Tram Undergoes Initial Inspection
Jay Peak Tram Undergoes Initial Inspe...
Jay Peak Resort recently complete...
 June 17, 2016
SEC: Quiros Potentially Liable For $191.8 Million in ‘ILL-GOTTEN GAINS’
SEC: Quiros Potentially Liable For $1...
The Securities and Exchange Commi...
 May 31, 2016
Jay Peak's tram can't run before $4.5M upgrades
Jay Peak's tram can't run before $4.5...
Jay Peak's iconic aerial trams ne...
 May 28, 2016
SEC Receiver Sues Financial Firm Quiros Used For Investor Funds
SEC Receiver Sues Financial Firm Quir...
Michael Goldberg, the court-appoi...
 May 26, 2016
Jay Peak's Tram Needs $4.5M Worth of Upgrades
Jay Peak's Tram Needs $4.5M Worth of ...
More bad news for Vermont's Jay P...
 May 24, 2016
SEC Receiver: ‘It’s Time To Remedy Wrongs'
SEC Receiver: ‘It’s Time To Remedy Wr...
The Securities and Exchange Commi...
 May 11, 2016
Anc Bio Investor Sues Raymond James
Anc Bio Investor Sues Raymond James
An AnC Bio Vermont investor filed...
 May 10, 2016
Red flags preceded fraud allegations at Jay Peak Resort
Red flags preceded fraud allegations ...
The news was stunning: Two of Ver...
 April 21, 2016
Jay Peak Resort Visit - Behar Law Firm
Jay Peak Resort Visit - Behar Law Firm
Good Morning. My name is Larry Be...
 April 20, 2016
EB-5 immigrant investor program hit by massive fraud investigation
EB-5 immigrant investor program hit b...
Businessmen behind Jay Peak and Q...
 April 15, 2016
Does the EB-5 visa program take advantage of investors?
Does the EB-5 visa program take advan...
Wealthy foreigners have invested ...
 December 11, 2015
Developer defends Vermont EB-5 projects
Developer defends Vermont EB-5 projects
Foreign investors are pouring $50...
 September 04, 2015
Jay Peak fails to meet water quality targets in settlement with state, Environment Group
Jay Peak fails to meet water quality ...
Jay Peak Resort, Inc., has not me...
 August 19, 2015
STATE REGULATOR GIVES DEVELOPERS APPROVAL TO SOLICIT NEW EB-5 INVESTORS FOR Q BURKE
STATE REGULATOR GIVES DEVELOPERS APPR...
The state’s chief securities regu...
 July 21, 2015
Q Burke Hotel gets go-ahead from state
Q Burke Hotel gets go-ahead from state
Bill Stenger, CEO of Jay Peak Res...
 July 17, 2015
WHO ARE THE TRAM HAUS INVESTORS?
WHO ARE THE TRAM HAUS INVESTORS?
The 35 investors in the Tram Haus...
 October 22, 2014
Stenger pushes on with EB-5 projects despite setback
Stenger pushes on with EB-5 projects ...
It was bad news for Bill Stenger ...
 July 18, 2014
Leahy And Shumlin: Vermont’s DR Power Equipment Is State’s First Manufacturer To Attract Investor Visa Capital
Leahy And Shumlin: Vermont’s DR Power...
During a tour of a new assembly l...
 January 18, 2012

News & Updates 63

WHO ARE THE TRAM HAUS INVESTORS?
WHO ARE THE TRAM HAUS INVESTORS?
The 35 investors in the Tram Haus...
 October 22, 2014
Unsealed Douglas Documents Show Belief In Stenger's Vision
Unsealed Douglas Documents Show Belie...
Newly unsealed records from Gov. ...
 January 15, 2017
 Court Oks Proposed $150M Settlement With Raymond James
Court Oks Proposed $150M Settlement ...
A federal judge has given initial...
 April 21, 2017
Q Burke Hotel gets go-ahead from state
Q Burke Hotel gets go-ahead from state
Bill Stenger, CEO of Jay Peak Res...
 July 17, 2015

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