- Funding Needed
- $5.5 (Mio)
- EB5 Funding
- $5.5 (Mio)
- EB-5 Investors
- Investment Amount
- Job Creation per Investor
- Job Creation (Total)
- Accommodation and Food Services
- Hotels (except Casino Hotels) and Motels
- Santa Cruz
- Last Update: February 04, 2016 03:31 AM
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The Hyatt Place
- Developer Name
- California Coastal Resorts, LLC
The Hyatt Place - Santa Cruz is a new development project located in the heart of Santa Cruz, CA. It is owned by California Coastal Resorts, LLC, a limited liability company compromised of a father/daughter team of Many Soma and Tejal Sood. The Santa Cruz local tourism industry is experiencing what can be termed a growing and steady recovery in visitation and spending.
The Hyatt Place will feature an array of services for business travelers and family needs on a moment's notice. Guests will enjoy the Bakery Cafe, with a coffee and wine bar, a guest kitchen with fresh snacks and entrees and a daily complimentary hot breakfast.
USEDLC approved and funded the loan for the Hyatt Place in September 2014.
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