LCR Capital Partners announced that it will raise $200 MM for The Surf Club Four Seasons Hotel & Residences located in Miami, Florida. The company said that it is working with investors from India and other countries to raise this capital through the EB-5 Immigrant Investor Green Card Program.
According to Forbes magazine, the hotel is considered the most anticipated luxury hotel opening of 2017.
Speaking on the new investment and job creation opportunity through the EB-5 visa program, Suresh Rajan, CEO and Founder, LCR Capital Partners said, “The Surf Club is one of the most iconic U.S. beach landmarks with a rich history. The nearly billion dollar project was designed by award winning architect, Richard Meier, and is expected to create several thousand jobs.
The EB-5 program requires an investment of $500,000 in an US entity that will create at least 10 fulltime jobs. The program helps stimulate the growth of the US economy and leads to job creation. An EB-5 immigrant visa holder facilitates the creation of new jobs by way of their significant investment in a new American business.
Situated on 900 feet of pristine white sand beach, Four Seasons Hotel at The Surf Club, Surfside, Florida, is the sophisticated epicenter of this exclusive enclave in the North Beach area of Miami.
“The Surf Club is rich with fascinating stories, and now, we are re-imagining Miami’s nostalgic past with the beach lifestyle for today’s sophisticated traveller,” said General Manager Reed Kandalaft.
“Four Seasons Hotel at The Surf Club promises memorable holidays, preserving and respecting the legacy of the club while adding new elements and our legendary Four Seasons service that will make the experience of staying here absolutely unparalleled,” he added.
LCR is a U.S. private investment firm that provides growth capital to premier resort developments as well as the best performing brands in the franchise industry.