Florida’s First Radisson RED Hotel Tops Off

Florida’s First Radisson RED Hotel Tops Off

EB-5 Visa, EB5 Visa, EB5 Investments

RivieraPoint is building a 155-key hotel near Miami International Airport. The $34.5 million project is set for completion next year.

RivieraPoint has topped off its six-story Radisson RED hotel in Miami, less than nine months since construction started on the project. Featuring 155 keys, this is the brand’s first hotel in Florida. Besides loans and private equity, the developer is using EB-5 funds to finance the $34.5 million hotel.  

Located at 3401 N.W. 25th St. on a 1.1-acre site in Miami’s Lake Palmer area, the hotel will be near Miami International Airport and Miami Intermodal Center. Radisson RED will feature three flexible event/meeting rooms, an outdoor pool, a rooftop deck bar, along with technology amenities. Edenburg Hospitality will provide eco-friendly furniture for the whole building.

RivieraPoint—formerly known as Riviera Point Development Group—is using funds from various sources to finance the project. Two months ago, the company secured a $16.5 million construction loan from Centennial Bank. In addition, the developer raised close to $6.5 million in private equity and $11.5 million in EB-5 funds for the construction of Radisson RED.

The Miami hotel is scheduled for completion in the second quarter of 2019. The development will benefit from its proximity to one of the world’s busiest airports, which handled more than 44 million passengers last year.



  • Florida

Securities Disclaimer

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.