Chinese Investment Boom Lends Lifeline To US Hotel Projects

Law360, New York (June 13, 2012, 8:05 PM EDT) -- Newly wealthy Chinese investors are at the front lines of reviving the U.S. hotel development market due to an exploding interest in EB-5, a little-known federal program that exchanges foreign investment for greencard visas, experts say.

Enticed by lowered financial barriers to participating in the program and a chance to secure greencards for their immediate families, China's growing new middle class is funneling millions into the hard-hit real estate development market. And they're particularly drawn to alluring new luxury hotel projects in major markets, including California,...
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