The Landmark Building, 5B Ton Duc Thang, District 1, HCMC
Mon - Fri 08:30-17:30
Hotline: 0931 830 838 - 0901 329 729

VIRGIN NASHVILLE PROJECT EB-5

Interimm © > Portfolio > EB5 > VIRGIN NASHVILLE PROJECT EB-5

PROJECT FEATURESx

  • Rooftop pool and social area featuring panoramic views of Nashville’s cityscape
  • Over 18,000 square feet of flexible indoor/outdoor meeting and event space
  • Property will offer multiple food and beverage outlets, such as The Commons Club, Virgin Hotel’s signature concept combining an upscale full-service restaurant, a lounge with a comprehensive cocktail menu and communal areas for work and pleasure
  • Access to 190-space underground parking garage providing ample parking for guests
  • Guest rooms feature the award-winning (Fast Company) innovative two chamber design, ideal for business and leisure travelers
  • Innovative technology allows guests to use a mobile app to adjust the thermostat, control the television,order room service, live chat with other guests, and communicate with the hotel staff

INVESTMENT DESCRIPTIONx

  • 5-year investment term
  • Limited Partnership will be a member of the Sponsor that owns the land and the hotel through a wholly-owned intermediate entity
  • Limited Partnership receives 100% priority to cash flow to achieve annual return after bank loan repayment

EXIT STRATEGYx

  • Sale or refinance after Year 5
  • Limited Partnership receives 100% priority to sale or refinance proceeds after bank loan repayment
  • Projected exit value – $119,310,000 based on independent appraisal

TIMELINEx

  • EB-5 Fundraising – Q1/Q2 2017
  • Construction Start – Q3 2017
  • Construction Completion – Q1 2019
  • Construction Period – 20 months
DOWNLOAD PROJECT TIMELINE

PROJECT OVERVIEWx

  • 260-room, 14-story luxury full-service Virgin hotel. Centrally located in the famed Music Row District, which is the heart of Nashville’s music industry.
  • Surrounded by offices of numerous record labels, publishing houses, music licensing firms, recording studios, and other businesses directly related to the music industry.
  • Nashville has consistently been ranked as one of the fastest-growing cities in the country for hotel room demand and performance over the last three years.
  • Less than a 10-minute walk to Vanderbilt University,  one of the leading higher education institutions in the nation with an enrollment of over 13,000 students.

BRAND HIGHLIGHTSx

  • Virgin Hotels is a fast-growing lifestyle brand, which is part of the global Virgin Group, a company with over 60 million customers, $24 billion in branded revenue, and more than 65,000 employees
  • The first Virgin hotel opened in Chicago in 2015, with additional locations under development in Nashville,New York, Northern California, Dallas, Silicon Valley, New Orleans and Palm Springs
  • Virgin Hotels Chicago won the 2016 Conde Nast Traveler Reader’s Choice Award for the best hotel in the US

The EB5 investment with the largest real estate corporation in the United States