AUSTIN, TEXAS
Texas has no personal or corporate state income tax. Austin is one of the best cities for businesses relocate to, due to its affordable housing, top-notch education system, beautiful natural environment with many lakes, and a warm and comfortable climate. Over 500,000 young engineers and graduates from prestigious universities have moved to Austin.
Currently, renowned global tech companies such as Tesla, SpaceX, Oracle, and Samsung’s Chip factory have moved their headquarters to Austin. Other world-class tech companies from Silicon Valley, including Google, Apple, Meta, AMD, and many others, are also preparing to relocate their headquarters to Austin.
UNIVERSITY OF TEXAS AT AUSTIN & MOODY CENTER
The UT Austin Campus is only 3 miles to this hotel. With 51,000 students, it is the largest of the three UT campuses. Some programs are ranked first in the nation, and amazingly, alumni donations are second only to Harvard among U.S. universities.
Newly build the Moody Center at the UT Austin is just 2.4 miles from the hotel. It is one of the venues for NCAA basketball tournaments and hosts hundreds of concerts each year. The audience from these events guarantees high occupancy for the hotel, which is a big reason ASAP wanted to invest in this hotel.
Austin is one of the three F1 circuits in the United States & the only city in the U.S. with a 24-hour bar street comparable to Beijing’s Sanlitun, Shanghai’s Hengshan Road, and Hong Kong’s Lan Kwai Fong. Our Daytime Pool Club will be the idea hot spot for the young professions and students.
EB-5 IMMIGRATE INVESTMENT
- · USCIS approved this project for a quota 50 family’s EB-5 immigrate visas. Each applicant needs to loan the project $800,000 (refundable) and $80,000 administration fees.
- · We are Regional Center, and project is within TEA area, EB-5 applicants have NO WAITING PERIOD WITH RESERVE POSITION.
- · The $800,000 EB-5 Immigration Investment will be paid back to the applicants when they submit I – 829 form to remove the condition of the green card, approximately 4 years.
- · Hotel cost is $80M and the entitled 1.2M SF (1,200 units) multifamily mix use development worth $60M, total project cost is $140M.
- · $40M Bridge or EB-5 Loan represent 28.6% lending on the senior position. This project is “the lowest debt in the whole EB-5 projects on the market” enhance the SAFEST AND MOST SECURE REPAYMENT OF $800,000 repayment.