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Chinese Investment

Posted On: October 29, 2011 by the JMBM Global Hospitality Group®

EB-5 Financing for Hotels: Brian Su's EB-5 Investment Boot Camp in Los Angeles on November 11, 2011

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
29 October 2011

EB-5 financing is a hot topic, particularly for hotels.

My partners and I in the JMBM Global Hospitality Group® have been talking about EB-5 financing for some time in our blogs. A complete list of the articles with links is below for your convenience.

EB-5 financing is important for hotel developers. And, hotels are the most popular EB-5 investment!

From the responses we have received, we know there is tremendous interest in the hotel community about using the EB-5 program to finance hotels.

In addition, we know from our discussions with Chinese marketing agents that hotels are the most popular of all EB-5 investments to Chinese investors.

With the continuing constraints on lending for new hotel development, the EB-5 program offers an alternative source of financing that has been proven to work on new hotel developments around the country.

Continue reading " EB-5 Financing for Hotels: Brian Su's EB-5 Investment Boot Camp in Los Angeles on November 11, 2011 " »

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Posted On: October 25, 2011 by the JMBM Global Hospitality Group®

Chinese investment in U.S. hotels: What the real estate professionals want to know

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
25 October 2011

On Friday, October 21, 2011 I did a Q&A interview with the National Real Estate Bisnow about Chinese investment in U.S. hotels. Here is the full Question & Answer exchange, a portion of which appeared in the Biznow article.

There's been an explosion of Chinese investment in the US, especially real estate. And many people believe it will surpass the Japanese investment of the late '80s (estimated to have exceeded $120B).

There's been an explosion of Chinese investment in US real estate. Who's investing and where, and how much investment do you expect in 2011?

The increasing wave of Chinese investment in the U.S. is being fueled by the Chinese government (generally acting through construction companies, banks and other intermediary companies) and an exploding class of wealthy Chinese. The top .05% wealthiest Chinese have investible funds of more than $2.7 trillion, and there is a rapidly growing class of billionaires and more than 800,000 millionaires. Plus there is a huge rising middle class looking to travel and enjoy life.

Of course, in addition to Mainland China there are the Chinese in Taiwan, and everywhere else such as Hong Kong, Singapore, and Indonesia.

A recent Merchants Bank report estimates that rich Chinese individuals -- those with assets of more than 10 million yuan -- have about 3.6 trillion yuan ($564 billion) invested overseas. No reliable numbers are available for total Chinese foreign investment or Chinese investment in the United States. The investors are largely staying under the radar to avoid publicity and possible adverse reactions, and there seems to be no means to track the investments and get an aggregate investment number.

Continue reading " Chinese investment in U.S. hotels: What the real estate professionals want to know " »

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Posted On: August 19, 2011 by the JMBM Global Hospitality Group®

Hotel Development Lawyers: 10 things you can do to win the "race" for EB-5 capital for your hotel development project

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
19 August 2011

Hotel Lawyer with more information on how to take advantage of EB-5 investment capital

Our recent blog on why Asian investors are targeting U.S. hotels for investment has generated a lot of interest -- and a flurry of questions -- from the hotel development community.

The EB-5 Immigrant Investment Visa program offers an alternative means of raising capital for hotel development projects in the U.S., and JMBM's Chinese Investment Group™ is available to help hotel developers access this source of financing.

As explained in an earlier article on how to use the EB-5 Immigrant Investor Visa Program for hotel financing, the EB-5 program is an immigrant investor visa category created in 1990 for foreign nationals who invest in a new commercial enterprise that will benefit the U.S. economy and create at least 10 full-time jobs.

In another article on the topic, Cathy Holmes detailed why hotel developers need to seek EB-5 financing through "regional centers", how to find a regional center for a hotel project, how to negotiate with a regional center, and whether a developer can establish its own regional center for a hotel development.

Continue reading " Hotel Development Lawyers: 10 things you can do to win the "race" for EB-5 capital for your hotel development project " »

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Posted On: August 3, 2011 by the JMBM Global Hospitality Group®

Hotel Investment: Why Asian investors are targeting U.S. hotels for purchase and investment, and what could it mean for you?

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
4 August 2011

Hotel Investment: Why Asian investors are targeting U.S. hotels for purchase and investment, and what could it mean for you?

This week I was interviewed by several media sources to talk about the explosion of Asian investment - and particularly Chinese investment - in U.S. hotels and real estate. Nadja Brandt at Bloomberg News was kind enough to quote me in one of her articles on the subject, and Gigi Stone, Bloomberg TV anchor, had me in the Bloomberg TV studios for a brief interview and even briefer video clip! (Yes, Mom, it's long enough that you can tell it's me and she does say nice things about our Global Hospitality Group®). Bloomberg TV also made a point of highlighting JMBM's Chinese Investment Group™ which was recently announced.

The Chinese Investment Group™ . . . provides a gateway for Chinese investment in the United States.

Nadja Brandt's article (Asian Buyers Target U.S. Hotels as Affluence Increases Travel), discusses the just-completed iconic purchase by Hong Kong billionaire Cheng Yu-tung of 5 luxury hotel properties, including the Carlyle Hotel in Manhattan, and Rosewood properties including The Mansion on Turtle Creek and The Crescent in Dallas, The Inn of the Anasazi in Santa Fe, and Little Dix Bay in the British Virgin Islands.

The Cheng family also owns the Beverly Wilshire in Beverly Hills and once owned a stake in the Four Seasons Hotel in New York.

Bloomberg TV also made a point of highlighting JMBM's Chinese Investment Group™

Bloomberg's coverage of Chinese (and broader Asian) investment in the U.S. has really been top drawer, so if you are interested in this subject you will want to follow it. And if you want to go beyond the Bloomberg article, read on about why Asian investment is focused on US hotels.

Continue reading " Hotel Investment: Why Asian investors are targeting U.S. hotels for purchase and investment, and what could it mean for you? " »

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Posted On: July 25, 2011 by the JMBM Global Hospitality Group®

Hotel Developers: Why a "regional center" may be the key to financing your next hotel development or expansion. And what you need to know . . .

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
25 July 2011

Hotel Developers: Why a "regional center" may be the key to financing your next hotel development or expansion. And what you need to know about finding a regional center to sponsor your EB-5 hotel financing program.

JMBM's hotel lawyers have represented hotel developers for decades. We know first hand that today's financial environment is one of the toughest for financing new development ever seen, even for experienced hotel developers with great projects.

But the EB-5 Immigrant Investor Visa Program may be one of the best financing sources now available. If you missed it, you will want to read, How to use the EB-5 Immigrant Investor Visa Program for financing.

Simply stated, the EB-5 investment program offers an alternative means of raising capital for hotel projects in the U.S. Our goal is to help hotel developers access this source of financing.

In this article, my partner, Catherine Holmes, gives you the information you need to understand how EB-5 Regional Centers work -- what they are, why you need one, and how to find one or create one.

Continue reading " Hotel Developers: Why a "regional center" may be the key to financing your next hotel development or expansion. And what you need to know . . . " »

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Posted On: July 12, 2011 by the JMBM Global Hospitality Group®

How to use the EB-5 Immigrant Investor Visa Program for financing

Hotel Lawyer: Chinese investment in hotels, restaurants, and other commercial real estate is becoming an important potential capital source for development, acquisition and renovation

Although it has been around for many years, the U.S. EB-5 visa immigrant investor program is now becoming an exciting potential source of capital for hotel development, acquisition and renovation projects. Some high-profile hotel projects are now being funded using this program, such as portions of the W Hotel and Residences Hollywood, one of the largest public-private partnership in California, and a stunning mixed-use project with 305 luxury rooms, 143 private residences, a 5,500 square foot Bliss spa, restaurants and 24,720 square feet of meeting space.

At the W Hollywood, we worked on a complex $20 million EB-5 financing to fund the opening of a Las Vegas-style Drai's rooftop nightclub (with an 8,450-square foot rooftop nightclub and an additional 2,482 square feet of dining space) and the Delphine Restaurant (the Hotel's lobby-level signature restaurant able to accommodate up to 275 patrons in its 6,162 square feet plus 826 square foot adjacent terrace).

Elsewhere, approximately $118 million in financing is now being raised using the EB-5 investment program to finance construction of a 377-room hotel tower now being developed adjacent to L.A. LIVE to house both a Courtyard by Marriott® and Residence Inn by Marriott. In New York, another EB-5 investment program is seeking to finance a new Westin Hotel in the Flushing area of New York City. These are just a few examples of how the EB-5 investment program could provide much needed financing to help new hotel projects get off the ground.

Continue reading " How to use the EB-5 Immigrant Investor Visa Program for financing " »

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Posted On: July 11, 2011 by the JMBM Global Hospitality Group®

Chinese Investment Group™ -- Hotels, Real Estate, EB-5 Immigrant Investor Visas

Click here for Simplified Chinese / 简体中文

Click here for Traditional Chinese /繁體中文


Formation of the Chinese Investment Group™

Jeffer Mangels Butler & Mitchell LLP (JMBM) has announced the formation of the JMBM Chinese Investment Group™ to provide legal and business advice for the specialized needs of Chinese investors and Chinese investment in the United States for hotel, real estate, EB-5 and other U.S. investments. We have a dedicated team with great experience for this kind of work.

Here is more information about how this development might help you. Click here to download a PDF of this announcement about the Chinese Investment Group™.

Continue reading " Chinese Investment Group™ -- Hotels, Real Estate, EB-5 Immigrant Investor Visas " »

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Posted On: July 1, 2011 by the JMBM Global Hospitality Group®

華人酒店和房地產投資法律顧問集團™ -- 酒店、房地產和EB-5投資移民

This document is in Traditional Chinese

Click here for English / 英文版

Click here for Simplified Chinese / 简体中文

華人酒店和房地產投資法律顧問集團™是JMBM's Global Hospitality Group®中一群致力於酒店及房地產律師所組成的專業律師團隊,專為華人在美投資提供入門諮詢。秉持累積自全球1,300 餘件、總值逾600億美元之酒店物業交易專業知識,以及關於一般房地產交易之深厚經驗,本集團提供法律及商務建議,輔導華人投資人進行明智成功的美國酒店及房地產投資。本集團及其可靠專業資源網路,協助華人投資人開發、分析、評估、確認、收購、融資與管理酒店及房地產投資機會。本集團不收取任何仲介費用、獎勵費用、佣金或任何推廣商之付款,並對華人投資者就所有酒店及房地產投資機會提供中立建議。本集團亦代表優質酒店、餐廳及其他房地產業主和開發商為外國投資人,特別是華人投資人,規劃EB-5簽證計畫之投資方案。

代表性客戶及酒店
JMBM長期為如麗晶酒店集團、迪士尼假期俱樂部、Hillwood開發(Ross Perot, Jr.)、米高梅幻象、川普集團及達拉斯市等知名客戶服務。JMBM之銀行客戶包括遠東國民銀行、華美銀行、匯豐銀行、德國北方銀行、瑞典銀行、加州聯合銀行及富國銀行。 JMBM客戶一包含全球眾多酒店開發商及業主,包括美國之W酒店及麗池卡爾登複合用途計畫之最大開發商及業主 。

二十餘年來,JMBM Global Hospitality Group®專致於服務酒店業主、投資者、開發商與借款人。持續與各大酒店品牌及副牌合作,從福朋和假日酒店到萬豪、希爾頓和喜萊登等六十餘家品牌,亦包括費爾蒙、麗池卡爾登、麗晶、 萬麗、洲際、四季及東方文華等高級酒店品牌。

Continue reading " 華人酒店和房地產投資法律顧問集團™ -- 酒店、房地產和EB-5投資移民 " »

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Posted On: July 1, 2011 by the JMBM Global Hospitality Group®

华人酒店和房地产投资法律顾问集团™ -- 酒店,房地产和EB-5投资移民

This document is in Simplified Chinese

Click here for English / 英文版

Click here for Traditional Chinese /繁體中文

华人酒店和房地产投资法律顾问集团™ 是JMBM's Global Hospitality Group® 中一支致力于酒店和房地产项目的专业律师团队,专为华人在美国的投资提供门户。通过使用从超过600亿美元酒店交易中获得的专业知识(涉及全球范围内超过1300处物业),以及在一般房地产交易中积累的大量经验,集团向华人投资者提供法律和商业方面的建议,以帮助其做出在美国的谨慎且具有经济效益的酒店和房地产投资。集团及其可靠的专业资源网络帮助华人投资者识别、分析、评估、估价、获取、资助和管理酒店和房地产机遇。集团并不向任何开发方收取任何中间人费用、奖励费、佣金或付款,并且会向华人投资者提供关于酒店或房地产机遇方面的独立建议。集团也在外国投资者----特别是华人投资者----的结构性投资中(利用EB-5签证项目)代表我们所选择的酒店、饭店和其他房地产所有人和开发方。

代表性客户和酒店
JMBM与一些知名的客户具有很长的合作历史了,例如 Regent Hospitality Group、迪士尼度假俱乐部、Hillwood Development (Ross Perot, Jr.)、美高梅金殿梦幻、The Trump Organization和达拉斯之城。JMBM的银行客户包括远东国民银行、华美银行、汇丰银行、德国北方银行有限公司、瑞典银行、加利福尼亚联合银行和富国银行。JMBM也在全球范围内代表很多酒店开发商和业主,包括美国W Hotels and Ritz-Carlton混合使用项目的最大的开发商和业主。

在过去的20多年中,JMBM Global Hospitality Group®专注于服务酒店业主、投资方、开发方和贷方。他们定期与所有主要的酒店品牌及其分品牌合作,例如,从福朋和假日酒店到万豪国际、希尔顿和喜来登,总计超过60个品牌,其中不乏一些高端品牌,例如:费尔蒙、丽嘉、丽晶、万丽、洲际大酒店、四季和东方文华酒店。

Continue reading " 华人酒店和房地产投资法律顾问集团™ -- 酒店,房地产和EB-5投资移民 " »

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