EB-5 Funding Will Build Luxury Le Méridien Hotel in Cleveland

The Le Méridien is one of the Starwood Hotels & Resorts (NYSE:HOT) most luxurious brands, although the majority are located outside of the U.S.  Funding from EB-5 investors is being used to build its newest premium hotel as part of Cleveland’s downtown restoration project.

Once completed, the hotel will offer 206 rooms, an indoor pool, a 3,000 square foot, upscale restaurant and bar, more than 10,000 square feet of retail space, a 24-hour fitness center, and a 125-space parking garage. The restoration of the vacant, historic John Hartness Brown building on Cleveland’s Euclid Avenue has passed the environmental cleanup stage and is well on its way to a projected January 2016 grand opening.

The project is owned by JHB Hotel LLC and supported in part by the Downtown Cleveland Alliance, Heritage Ohio and the Historic Gateway Neighborhood Corporation.

To learn more about how to put the EB-5 investment visa program to work for you, contact Dr. Gregory Finkelson at American Corporate Services or call 415-682-2550.

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