With the groundbreaking today to build the Thompson San Antonio Hotel and the Arts Residence, which is a $116 million hospitality and residential facility, a fresh investment opportunity has opened, especially for West African Houston EB 5 investors who have been specially invited to invest in the luxury project.
As a 20-storey, 162-guestroom and 58-residence project that will feature 15,000 square feet of riverfront meeting space and a Skybar Club, Thompson San Antonio and the Arts Residences positions itself as the premier luxury boutique hotel in San Antonio, providing sweeping views of the city.
Located at the epicenter of San Antonio’s vibrant performing arts district and across from the River Walk, this facility which is designed to meet and complement the needs of the San Antonio market also provides unparalleled elegance and comfort.
The mixed-use development, s slated for completion in 2019, will include The Arts Residences’ luxury condominiums atop San Antonio’s first Thompson Hotel, an international collection of design-forward, luxury lifestyle hotels and resorts.
3Invest Limited, one of Nigeria’s leading real estate marketing, advisory and consultancy firm, along with its partners, the Houston EB5 in US, is encouraging its existing investors to invest the San Antonio project.
Ruth Obih, 3Invest’s CEO, explained in a statement at the weekend that Houston EB5, an investment programme administered by the U.S. government, offers foreign investors the opportunity to become US citizens by investing in the programme.
“The offer includes complete capitalization of the investment project of choice, fast-tracking permanent and legal residency in the U.S for investors and their immediate families, and sharing in the profit of the project. The minimum investment is $500,000 with repayment within 3-5 years at 4 percent interest rate. Funds will serve as additional equity capital to the partnership and construction costs”, she said.
Continuing, Obih said, “following the introduction of the new project in 2017 to the West African market, 3INVEST is pleased to announce the groundbreaking ceremony of the premier project scheduled to hold on January 30, 2018 (today) in San Antonio, Texas, giving interested EB5 investors the opportunity to explore the San Antonio’s museum district”.
She disclosed that 40 percent of the condominium homes in the Arts Residences has been sold out since the sales gallery opened in May last year, setting a new record for the fastest-selling high-rise luxury condominium project in Texas. The for-sale residences are priced from $400 to over $4.5 million for penthouses.
“Thompson San Antonio hotel and the Arts Residences fits perfectly with 3Invest’s profile for high-quality EB5 investment funding. Like previous Houston EB5 projects, it has received great support from both the City of Houston and that of San Antonio. A “TEA” designation has been assigned to the project, lowering the minimum investment amount from $1 million to $500,000”, said Acho Azuike, COO/MD, Houston EB5.
“Houston EB5 has a 100 percent success rate on I-526 and I-829 petition approvals for its investor clients; we consistently deliver world-class investment projects and demonstrate long-term financial strength, as we help investors achieve their business and residency goals,” said Roberto Contreras, President/CEO, Houston EB5, adding, with more than 25 years of real estate experience, Houston EB5 works to develop high-quality residential high-rise, mid-rise, mixed-use and suburban projects.
“Through the marketing of previous projects, Houston EB5 has established strong investor pipelines in Latin America, Africa, and Asia, helping to assure complete capitalization of projects,” said Emilio Guzmán, Executive VP & Chief Investor Relations at Houston EB5, explaining that because of Houston EB5’s success in Nigeria with previous projects, they are now looking to expand their investor-reach into Ghana, where they are certain many investors would like to take advantage of these immigrant investment opportunities for their families.