Strong Development Outlook for California EB-5 Investors
As the economy in California continues to grow, so do development opportunities for EB-5 investors, and American Life, Incorporated is taking advantage of this opportunity for its clients.
Economic forecasts for California are positive for the coming years. Unemployment is down and GDP growth is increasing, widening opportunities for residents and developers alike. With new development, including new projects sponsored by EB-5 investors, job growth is increasing. Industry sectors with significant job growth include construction, healthcare, administrative and support services, and leisure/hospitality services. Through 2019, these positive economic indicators for Southern California are expected to continue.
Positive economic indicators are also in play for the hotel industry. Occupancy and average daily rates are experiencing growth, and revenue per available room, a primary metric for the industry, has been increasing for eight years. Consumers have increasingly more disposable income to use for travel, and the hotel industry is benefiting from this healthy economic climate. The Southern California hotel market is doing well as this leisure demand increases.
Long Beach, California is the site of one of American Life, Incorporated’s newest development. This four-star, major brand hotel, located on East Ocean Boulevard, will feature 429 guestrooms, 22,500 square feet of meeting/function space, and high-end restaurant facilities. A unique rooftop restaurant will afford attractive ocean views for its guests. The property will connect with the Long Beach Convention Center for use as a convention headquarters hotel. This property is currently in its pre-construction design stage.
For more information about our newest developments, the EB-5 investment program, or any of our investment services, contact American Life, Incorporated today. Our team of experts is committed to creating positive investment outcomes for our clients. We oversee the entire real estate process, including site acquisition, construction, and operations management. Contact us at 206-381-1690 in the US at our office at 270 S. Hanford Street, Suite 100, in Seattle, Washington or at any of our international offices in Shanghai, Tokyo, or London.