Foreign capital is a major factor in Chicago's ongoing hotel boom. And two panelists at Bisnow's Hospitality Boom? Chicago Hotel and Investment panel Dec. 10 at Trump Hotel are leading the way.
ECD Co and SMASH Hotels president Scott Greenberg (center, with Clark Hill's Don Schindler and Hotel Appraisers & Advisers' Hans Detlefsen) has found success lining up EB-5 investors for the Marriott Autograph in Streeterville. He set up GoUSA EB-5 Regional Center to access that funding pool, which can be difficult to do. It's helped Scott build direct relationships with Chinese and other foreign sources of capital, which he believes will be a key source of funding in the future.
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