Tuesday, October 15, 2019
News
NEWS HOME
PRN INDIA
EB5 Capital Visits India to Raise Investment for New York Ritz-Carlton Project as the Hotel Chain Comes to Pune and Mumbai for the First Time
  SocialTwist Tell-a-Friend  
   

MUMBAI, June 20, 2019 /PRNewswire/ --

EB5 Capital announced today its scheduled travel to Pune and Mumbai, India, to meet with prospects interested in acquiring a US Green Card by investing in a flagship Ritz-Carlton hotel project on Broadway in New York City.

The decision to target Pune and Mumbai coincides with the planning and construction of the luxury Ritz-Carlton brand's second and third ever Indian hotels in those cities. India's first Ritz-Carlton opened in Bangalore in 2013.

"With two new Ritz-Carlton hotels opening soon in Maharashtra, potential Indian EB-5 investors are able to relate to their outward investment in the United States as they will already be familiar with the Ritz-Carlton brand in India," said Juline Kaleyias, EB5 Capital's Director of Investor Relations.

Although divided by more than 12,000 kilometers, the Ritz-Carlton in New York's NoMad neighborhood will all share distinctive features of the respected hotel brand with the new Ritz-Carlton in Pune's Yerawada district and the planned Ritz-Carlton in Worli, Mumbai. All three hotels will offer havens from the bustling cities outside, with state-of-the-art spas, luxury restaurants and shops, and open terraces with greenery and trees.

The Pune hotel is scheduled to open later this year and the Mumbai hotel following on in 2020. Construction of the New York Ritz-Carlton began in July 2018 and is projected to open in 2021. EB5 Capital had already received its I-924 Exemplar petition approval from the United States Citizenship and Immigration Service (USCIS) on September 27, 2018, and began receiving individual I-526 petition approvals in October 2018. áThe earliest I-526 approval came in 10 months. á

EB5 Capital's Senior Vice President of Global Operations, Brian Ostar, will make the trip on behalf of the company.

"Given its tradition as a leader in information technology and manufacturing, it is unsurprising that we are experiencing increasing levels of interest in the EB-5 program from Pune," said Brian Ostar. "While excitement is building in Pune around the launch of the new Ritz-Carlton hotel, we are experiencing an uptick in interest in our Ritz-Carlton project in Midtown Manhattan."

About EB5 Capital

EB5 Capital is a leader in the EB-5 immigrant investor industry, raising over $600 million in foreign capital from investors in more than 55 countries for investment in job-creating real estate projects across the United States. EB5 Capital owns and operates six USCIS-authorized Regional Centers that serve 15 states and the District of Columbia. With a portfolio of 25 projects, EB5 Capital maintains a 100% project approval rate from the USCIS. For more information, visit áhttp://www.eb5capital.com.

Media Contact :
Juline Kaleyias
jkaleyias@eb5capital.com
+1-202-652-2437
+91-9910714091
Director, Investor Relations
EB5 Capital

More News by PR Newswire India

Europe's Most Trusted Crypto And Precious Metal Companies Partner To Create Gold Token Secured By Bitcoin Network

RGE Commits US$200 Million to Next-Generation Textile Fibre Innovation and Technology

Medisant├ę Earns Acclaim from Frost & Sullivan for Ensuring Better Care Outcomes while Reducing Costs

INSIDE INFORMATION: BW LPG Contemplated Sale of Shares

School House Crafts Multi-Sensory Journey of Discovery and Re-collection for La Mer Campaign Exhibition

Vevue Partners with CBX Exchange for Initial Auction Offering

Frost & Sullivan Recognizes Pepco Holdings and Carlsbad Municipal Water District with Excellence in Resourcefulness Awards at Itron Utility Week

His Holiness The Dalai Lama Awarded Honorary Doctorate by Chitkara University

Surplus Keslow Cinematography Gear Up For Auction

Libyan Investment Authority Loses Claim in the UK Court of Appeal - London

Artificial Intelligence for Risk Management Process by MovingNow

Maruti Suzuki Arena Devils Circuit Season 2019-20 Draws Over 6K Runners in Hyderabad

Quectel Achieves Industry's First 5G Data Call over 5G mmWave Module

Artprice by Artmarket: The Gagosian's Grand Projects for the Late Simon Hantaï (1922-2008)

Ryan International Group of Schools Receive India's Most Respected Brand Award 2019

JD Institute Of Fashion Technology, South Announced its New Domain

VeChain Is Leading Co-sponsor of GDST Seafood Trackathons

The World's Largest Automakers, Along with MOBI, Announce a Joint Proof of Concept for the First Vehicle Identity on Blockchain

Indiannica Learning Announces the Launch of Indiannica Quiz League

Third Annual Convocation Ceremony Will be Celebrated in Apex Professional University

An Encounter of Two Icons: Tic Tac® Meets Coca-Cola®

Birlasoft to Accelerate Invacare's Business Transformation Journey Signs US$ 240 mn, Multi-year Deal, to Provide Complete IT-as-a-Service (ITaaS)

Bali Zoo Celebrated Tumpek Kandang Ritual for all its Resident Faunas

Nitin Mantri Becomes ICCO President

DMCC Awarded 'Global Free Zone of the Year' for a Record Fifth Consecutive Year

Apex Professional University Signed MoU with Life Science Sector Skill Development Council

Find TVU Networks at Broadcast India 2019

UAE and UNESCO Renew Partnership, Extending Efforts to Restore Historic Churches in Mosul

Over 70,000 Visitors, SR2m Falcon Sales on First Day of Riyadh Exhibition

The First Huion Tablet of Inspiroy Dial Series, Q620M was Unveiled at Hong Kong Electronics Fair

ZEISS showcases next-level eye care digitalization at AAO 2019

On Your Marks: 2019 Xi'an Yango International Marathon Starts 20 October

Autodesk Fusion 360 Tools Enable Social Hardware to Advance Design of Prosthetics

Bionik Gold Knee- A New Lease of Life for Young Arthritis Patients

Joy Forum19 to boost Saudi entertainment sector

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
SC to hear CBI plea against Delhi HC's C...
5 Punjab cops in jail for militancy-era ...
BJP raising NRC issue in Delhi to divert...
'Overjoyed' Mamata congratulates Banerje...
Provide security to Sunni Waqf Board chi...
Tamil politician booked for justifying R...
More...    
 
 Top Stories
Mexico: 14 policeman killed after b... 
Trump authorises US Treasury, State... 
Sehrawat leads fightback as Bulls b... 
Techie jumps to death from apartmen... 
Staff strike for wage revision grou... 
UP: Unborn baby dies, kin alleges m... 
Rahul Gandhi is a captain who walke... 
Delhi traffic police to withdraw 1....