Houston EB5 entices investors with luxury Hotel & Residences in San Antonio

In another major outing after the $70 million Astoria high rise residential tower, Houston EB5 has hit the Houston Texas property market with an iconic development—Thompson Hotel and Residences in San Antonio.

A 20-storey edifice which positions itself as the premier luxury boutique hotel in San Antonio, Thompson Hotel and Residences is a 170-guestroom and 56-residence facility that will feature 15,000 square feet river-front meeting space and a Skybar Club, providing sweeping views of the city. It is designed to meet and complement the needs of the San Antonio market and yields itself easily to unrivaled elegance and comfort.

3INVEST, a real estate firm in Nigeria with a goal to develop ideas designed to change the way investors approach real estate in the future, will be working in partnership with Houston EB5 to raise capital for Thompson Hotel and Residences San Antonio in the region. According to Ruth Obih, 3Invest’s CEO, the company is the project’s industry partner in West Africa and, as such, investors wishing to leverage this opportunity should seek advice from them.

Houston EB5 is a real estate investment company offering potential investors the opportunity to invest in real estate developments in Houston Texas and it assures that in addition to the prospect of a good return on investment on the project, investing in this project will also qualify investors for permanent residency in the United States through the EB-5 programme.

In 2010, Houston EB5 tapped a federal programme targeting wealthy foreigners to fund their real estate projects—a  $70 million residential tower in the vibrant Houston Galleria area called Astoria and a $48 million 8-story, 242-unit apartment building in the heart of Downtown Houston called Block 384.

The fund raise for Astoria was completed with $30 million from EB5 investors and the raise for Block 384 with $12 million. The $70 million Astoria high-rise residential tower held its grand opening on May 11, 2016, two years after construction commenced on it. The tower received a great deal of interest with all 75 residences sold-out before construction on the project was concluded.

Houston EB5 boasts a 100 percent success rate on Green Card approvals and, because of this success, it has completed the third raise of $13 million for Marlowe, a luxury residential tower in Downtown Houston. Other projects currently undergoing successful raises include Imperial Refinery District Lofts and Arabella—a contemporary high-rise residential tower.

Like previous Houston EB5 projects, Thompson San Antonio has received great support from both the City of Houston and San Antonio. A ‘TEA’ designation has been assigned to both projects, lowering the minimum investment amount to $500,000 as opposed to $1,000,000.

“Through the marketing of previous projects, Houston EB5 has established strong investor pipelines in both Latin America and Africa, helping to assure complete capitalization of projects”, says Emilio Guzmán, Chief Investor Relations at Houston EB5.

“The USCIS is also considering raising the minimum investment amount from $500,000 to $800,000 in September 2016 and so, interested investors should aim to complete their investment before the proposed increase”, says Acho Azuike, Managing Director of Houston EB5.

The EB5 Investment Programme is administered by the U.S. Citizenship & Immigration Services under the Department of Homeland Security. It allows investors who make a qualified investment to fast track permanent legal residency in the United States for themselves and their immediate family without the usual roadblocks or red tape associated with the immigration process.

Houston EB5 has stayed committed to bringing developments of impeccable design and elegance to Houston and to sustaining the strong economic environment from which the city has grown. Given that real estate investments remain much safer in nature than typical business investments, coupled with Houston’s strong economy, participants in Houston EB5’s projects can expect a more reliable and timely return on their investment. Houston EB5 believes Nigeria can become a crucial part in helping to expand the city’s skyline by investing in Houston EB5’s developments.