CanAm Enterprises Announces Another EB-5 Investment Project Closing: SORA Hotel in Pennsylvania
Following the funding of $39 million for the SORA West office tower, which will be fully leased to an international pharmaceutical and healthcare products distribution company and serve as its global headquarters, CanAm Enterprises ("CanAm") is excited to announce the closing of its $27 million loan which will be used to finance the construction of a new hotel at SORA West, under the Tapestry Collection by Hilton™ brand.
Developed by Keystone Property Group, SORA West is a 3.6-acre dynamic mixed-use transit-oriented development project at the gateway to Conshohocken, Pennsylvania, just minutes outside of Philadelphia. This complex embraces a "live-work-play" lifestyle centered around a vibrant plaza. The hotel is being built adjacent to the new global corporate headquarters of a Fortune 10 company that is among the largest pharmaceutical and healthcare products distributors in the world. The new 11-story, 165-key hotel will feature a lobby bar, 2,400 SF fitness center, 5,000 SF of meeting space on the ground floor, and a rooftop restaurant and lounge with two outdoor patios, and ample parking space.
"Demand for hotels in Conshohocken is driven by many businesses and relatively affluent residents of the area who need meeting space, as well as several nearby institutions of higher learning," said Tom Rosenfeld, President and CEO of CanAm Enterprises. "We are proud to co-finance yet another remarkable project in Pennsylvania, which is expected to bring much-needed jobs to the region."
The EB-5 Immigrant Investor Program (EB-5 Program) is administered by the United States Citizenship and Immigration Services (USCIS). The EB-5 Program provides qualified foreign investors with the opportunity to earn a conditional, or temporary, two-year green card in return for investing $900,000 in projects located in high unemployment areas that create at least ten permanent full-time jobs for U.S. workers.
Prospective investors pursuing permanent residency in the United States are invited to read CanAm's EB-5 Program Overview and inquire about the EB-5 Visa options.
Subscribe for News
Join Professionals on EB5Projects.com →
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.