PORTLAND PROPER HOTEL
Portland Proper Hotel presents a unique opportunity to invest in a high-quality EB-5 project. The project has strong fundamentals that protect your EB-5 investment, including: an EB-5 sponsor with an impeccable track record, a development team with over $2.5 billion of completed projects, an unparalleled location in one of the fastest growing cities in America, and a conservative EB-5 structure and 25 jobs per investor.
PROPER HOTEL PORTLAND EB-5 PROJECT
- Total investments: US$ 123 Million
- Investment Amount: US$ 500,000 / per investor
- Return on investment: 4% annual from the date of hotel operation
- Investment period: Minimum 5 years
- Total job creation: 1629
- Job creation per investor: 25 (USCIS requirement is 10 per investor)
PROJECT DETAILS
- 232 Rooms
- 10 Stories
- 4,500 SF (418 m2)
- 7,000 SF (650 m2)
- 4,900 SF (455 m2)
- 75 Parking spaces
- 20,000 SF Total land / 180,000 SF Building area
- World-renowned interior designer "KELLY WEARSTLER" signature
- Spectacular rooftop deck and bar
- Elegant meeting and banquet rooms
PROPER HOTEL IN USA
- Proper Residences Hollywood (2016)
- Proper Hotel San Francisco (2017)
- Proper Hotel Los Angeles Downtown (2018)
- Proper Hotel and Residences Austin Texas (2019)
- Proper Hotel Santa Monica (2019)
- Proper Hotel Portland (2020)
PORTLAND, OREGON HOTEL MARKET, TOURISM AND INDUSTRY
- 86.6% Occupancy
- 9.5% Growth in RevPAR (Revenue per available room) (2010-2015)
- 8.4% Growth in ADR (Average daily rate) (2010-2015)
- No new luxury hotels opened in the last 20 years
- +28 Million annual visitor (+8 Million in Portland)
- US$ +11 Billion annual tourism spending (US$4.9 Billion in Portland)
- Fastest growing economy of Western USA: US$ 160 Billion Gross Regional Product
- Home of Nike World Headquarter, Adidas North America Headquarter and growing hi tech industry such as Intel, Google, Airbnb etc.
DEVELOPERS EXPERIENCE
Williams & Dame: +40 years experience in industry, over US $2.5 Billion real estate development in Portland, San Francisco and Los Angeles. Williams & Dame is the Master Developer of the Pearl District of Portland.
Some Past EB5 Projects:
Portland Marriott Residence Inn (US$ 51 M)
- Opened in April 2014.
- 88 EB5 Investors, 100% Approval
- Exceeded job creation requirement by 32% (1158 Jobs)
- Exceeded net operating income (NOI) projections by 100% (US$ 7.6 M)
Los Angeles Marriott Residence Inn / Courtyard (US$ 181 M)
- Opened in June 2014.
- 336 EB5 Investors, 100% Approval
- Job creation 179% over estimate (6000 Jobs)
- Exceeded net operating income (NOI) projections by 24.5% (US$ 76.5 M)
Portland Hyatt House Hotel (US$ 54 M)
- Opened in August 2016.
- 75 EB5 Investors, 100% Approval
- Job creation 120% over estimate (903 Jobs)
- Exceeded net operating income (NOI) projections by % 30 (US$ 3 M)
San Francisco Proper Hotel (US$ 110.5 M)
- Opened in September 2017.
- 77 EB5 Investors, 100% Approval
- Job creation 137% over estimate (1054 Jobs)
- Exceeded ADR projections by 39% (US$ 350)
Please for more information about the project and EB-5 Investor Green Cards contact us.
