EB-5 reauthorization 2021: The hotel industry needs EB-5 more than ever

  • Written by GCBI Team Posted on June 10, 2021 | Updated on June 10, 2021 | 1 min read
ReauthorizationThe hotel industry needs EB-5 more than ever
EB-5 has a history of funding hotel development; after the Great Recession, hotel financing was scarce — and EB-5 came to the rescue. In 2014 and 2015 the program funded hotels and restaurants with an estimated $1.2 billion. The largest hotel associations support EB-5 reauthorization and believe the program is vital for the recovery of both the hospitality industry and the nation.

Read the Hotel Business article