LCR Capital Partners Announces EB-5 Hotel Project in Las Vegas
Deal News | Feb 10, 2025 | EIN
LCR Capital Partners has announced a new EB-5 project involving a dual-branded hotel development in Las Vegas, Nevada. The AC by Marriott & Element by Westin Hotel will have 441 rooms and is scheduled for completion by December 2025. The project offers a pathway to US residency for international investors through the EB-5 Immigrant Investor Program, requiring a minimum investment of $800,000. Partners JacksonShaw and HALL Group provide strong backing and guarantees to investors, enhancing the project’s credibility. The development aims to thrive in Las Vegas, a city known for its high hotel occupancy rates, benefiting from its proximity to business and entertainment centers.
Sectors
- Hospitality
- Real Estate
- Investment Advisory
- Immigration Services
Geography
- United States – The project and the EB-5 program are based in the US, involving investment in Las Vegas, Nevada.
- Global – LCR Capital serves a global clientele, providing services to high-net-worth individuals across multiple continents.
Industry
- Hospitality – The article discusses a hotel development project, which falls under the hospitality industry.
- Real Estate – Involvement of real estate development firms like JacksonShaw situates the project within the real estate industry.
- Investment Advisory – LCR Capital Partners operates as a private investment and advisory service, making this industry relevant.
- Immigration Services – The project is aligned with the EB-5 Immigrant Investor Program, a pathway for investors to obtain US residency.
Financials
- $800,000 – Minimum investment required per investor to participate in the EB-5 project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LCR Capital Partners | Private Investment and Advisory Firm | Company | A firm that facilitates EB-5 visa investments for international clients. |
| JacksonShaw | Developer | Company | A real estate development company with a strong track record in hospitality projects. |
| HALL Group | Financial & Assurance Provider | Company | Provides financial guarantees for the EB-5 project through its affiliate, HALL Structured Finance II LLC. |
| Sherman Baldwin | Chief Executive Officer | Person | CEO of LCR Capital Partners, overseeing the investment project. |
| Suresh Rajan | Founder & Executive Chairman | Person | Founder of LCR Capital Partners, emphasizing the project's strategic value. |
| Donald Braun | President | Person | President of the HALL Group, expressing confidence in the project. |