- Funding Needed
- $2 (Mio)
- EB5 Funding
- $2 (Mio)
- EB-5 Investors
- Investment Amount
- Job Creation per Investor
- Job Creation (Total)
- Accommodation and Food Services
- Hotels (except Casino Hotels) and Motels
- New York
- New York
- Last Update: February 02, 2016 06:07 AM
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Best Western Yankee Stadium Inn
- Developer Name
- Sita Ram LLC
Best Western Yankee Stadium Inn is expected to be the best choice for hotel service in the Bronx area, and as such, will be able to collect a higher rate and achieve a higher accupancy than its competitors. The hotel is projected to achieve approximately 80% average occupancy in the first year, levelling out at above 90% by year 5. Sita Ram LLC will be responsible for the management of the property. It has over 50 years' of experience in purchasing, development and management of hotel properties.
USEDLC approved and funded the loan for Staybridge Suites in June, 2015.
The construction timeline is 18 months and it is expected to open in December, 2016.
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