Golden Gate Global has announced its new EB-5 project, the Healdsburg (Calif.) Vineyard Hotel. The project is located in Northern California wine country, 65 miles north of San Francisco. The Healdsburg Vineyard Hotel is the 17th EB-5 fund offered by Golden Gate Global, the largest EB-5 regional center operator in the San Francisco Bay Area.
The Healdsburg Vineyard Hotel is a fully approved project with 108 rooms, a signature restaurant, a rooftop bar, a spa, a fitness center and more than 15,500 square feet of event space. The hotel will be managed by Charlie Palmer and Christopher Hunsberger, co-founders of Appellation Hotels.
The senior-secured EB-5 loan has a short three-year term, with the option of two one-year extensions. The project is 60 percent complete, with the structural work on all buildings finished, resulting in the creation of 95 percent of the necessary jobs for all EB-5 investors.
The Healdsburg Vineyard Hotel is also funded by C-PACE institutional financing from Petros, the largest C-PACE provider in the United States.
"The Healdsburg Vineyard Hotel represents a truly unique EB-5 opportunity for investors seeking the most straightforward path to U.S. permanent residency,” Steven Kay, founder and co-CEO of Golden Gate Global, said in a statement. “The combination of solid construction progress and strong financial protections set the project apart as an exceptional EB-5 offering.”