Chinese Investment

August 29, 2012

JMBM's Chinese Investment Group™ happenings and events

by the JMBM Global Hospitality Group®

By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
29 August 2012

JMBM's Chinese Investment Group™ has been very busy the past few years. Our team of lawyers represents the interests of Chinese investors who are purchasing or building hotels in the United States. We also represent hotel developers seeking to take advantage of the inbound foreign investment to capitalize their projects -- whether through the EB-5 investment program or foreign direct investment.

In the EB-5 area alone, we have worked on more than 40 projects under the EB-5 investment visa program throughout the U.S., most of which are projects made possible with Chinese investment capital.

Here is a recap of some current events involving our Chinese Investment Group™ and Chinese investors.

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June 18, 2012

Chinese Investment and EB-5 Finance Forum June 21, 2012

by the JMBM Global Hospitality Group®

On June 21, 2002 Guy Maisnik will be a featured speaker at the 2nd Chinese Investment and EB-5 Finance Forum in Los Angeles.

This Conference is designed for everyone interested in taking advantage of foreign investment from China "inbound" for U.S. real estate. It features some of the most knowledgeable and respected experts in the country on this subject and will facilitate foreign investors and capital sources networking with U.S. real estate professionals, developers, and owners.

Guy Maisnik, an industry veteran with nearly 30 years of real estate and hospitality experience, will provide practical tips and insights from lessons learned in representing Chinese investors in the U.S. Maisnik says, "The more you understand the nature of your investors, their concerns and the issues, the greater your chances for success with your transactions."

Maisnik is a vice chair and a senior member of JMBM's Global Hospitality Group® and Chinese Investment Group, and is also a member of and is involved in more than 40 Chinese investments in the U.S. -- EB-5 or otherwise. Maisnik notes that "Chinese investors are particularly interested in hotel and related hospitality investment as well as broader classes of real estate."

For more information on Chinese investment and EB-5, please click here or go to: http://hotellaw.jmbm.com/eb5_financing.

For more information on the 2nd Chinese Investment and EB-5 Finance Forum, click here or go to :
http://www.attractasianinvestors.com/index.html.

Come join Guy at the Forum and take advantage of this opportunity.

Embassy Suites Los Angeles International Airport/North
9:00 am - 4:30 pm
June 21, 2012
Register Now


October 29, 2011

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

by the JMBM Global Hospitality Group®

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.

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October 25, 2011

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

by the JMBM Global Hospitality Group®

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.

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August 19, 2011

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

by the JMBM Global Hospitality Group®

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.

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August 3, 2011

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

by the JMBM Global Hospitality Group®

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.

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July 25, 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 . . .

by the JMBM Global Hospitality Group®

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.

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July 12, 2011

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

by the JMBM Global Hospitality Group®

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.

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July 11, 2011

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

by the JMBM Global Hospitality Group®

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™.

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July 1, 2011

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

by the JMBM Global Hospitality Group®

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。

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