NORTH PALM BEACH, Fla.—American Opportunity Regional Center was joined by its long-standing partner, Driftwood Hospitality Management, to celebrate the groundbreaking of the new EB-5 property, the Doral DoubleTree by Hilton in Miami, Fla. The $26 million project, which will be managed by Driftwood Hospitality, will give investors the opportunity to positively impact the local economy by creating new jobs or saving positions that would otherwise be eliminated from the workforce.
American Opportunity Regional Center offers comprehensive solutions to EB-5 investment needs and provides investment opportunities for EB-5 investors. “American Opportunity Regional Center is thrilled to be working with Driftwood Hospitality on this development project. This is a terrific start to what I am hoping will be a long-term partnership on future projects,” said Rafael Mendible, Managing Director. “This EB-5 project gives us the opportunity to positively impact the economy by creating new jobs and opportunities for so many in the U.S.”
The site of the future 150-room Doral DoubleTree by Hilton is located in the heart of Doral, between NW 102 Avenue and NW 19 Street and near the International Mall. Once it opens, the exciting addition to the South Florida scene will feature spacious guestrooms, a restaurant, two full-service bar concepts, a lounge, three meeting rooms, a pool, a business center, and a 24-hour fitness center. The project is slated for completion next summer and will be managed by Driftwood Hospitality.
“Driftwood is excited to manage its second EB-5 project through American Opportunity Regional Center,” said Carlos Rodriguez, executive vice president. “The EB-5 program is a win-win for all parties involved, allowing us to leverage our expertise in hotel development and operations while establishing long-term partnerships with valuable overseas investors. We look forward to building what will surely be a valuable asset to both our investment partner and the local community.”
The EB-5 investment program allows American Opportunity and Driftwood to build and operate new hotels in some of the hottest up-and-coming markets across the country, while creating a network of international investment partners who are interested in developing or acquiring hotels in the United States. As part of the EB-5 program, foreign investors are currently required to invest $500,000 in a company that creates and maintains at least 10 jobs per investor to help stimulate the U.S. economy in certain rural or high-unemployment areas. EB-5 investors will be granted a conditional visa that is valid for two years once their application has been approved by United States Citizenship and Immigration Services (USCIS). Investors are eligible to apply for permanent U.S. resident status given they demonstrate that the legally required economic benefits of their investments have been achieved.