Funding

Funding Needed
$5.5 (Mio)
EB5 Funding
$5.5 (Mio)
EB-5 Investors
11
Investment Amount
$500,000

Jobs

Job Creation per Investor
10.3
Job Creation (Total)
113
Category
Accommodation and Food Services
Sub-Category
Hotels (except Casino Hotels) and Motels

Location

State
California
Location
Santa Cruz

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Preeti Sinha

Last Update: February 04, 2016 03:31 AM

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The Hyatt Place


Developer Name
California Coastal Resorts, LLC

Project Description

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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