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The New Astor Hotel & Spa An EB-5 Investment Opportunity  

Law Offices of David J. Hart, P.A. / T (+1)305.577.9977 / [email protected]

The New Astor Hotel & Spa An EB-5 Investment Opportunity

 

Law Offices of David J. Hart, P.A. / T (+1)305.577.9977 / [email protected]

The  EB-­‐5  Investor  Visa    The  visa  program  provides  for  condi9onal,  two-­‐year  resident  status  to  qualifying  investors  and  their  families  who  invest  at  least  $1,000,000  (or  $500,000  in  designated  target  areas)  in  businesses  that  create  at  least  ten  full-­‐9me  permanent  jobs  for  American  workers.      AJer  2  years,  if  the  investment  and  job-­‐crea9on  requirements  of  the  program  are  met,  uncondi9onal,  permanent  residency  can  be  applied  for  and  received.    

 

   

EB-­‐5  Investor  Visa  Advantages   EB-­‐5  Investor  Visa  Benefits  

•  There  are  no  requirements  regarding  age,  business  experience  or  language  skills.  

•  The  program  does  not  require  investors  to  manage  their  investment  on  a  daily  basis.  

•  As  a  limited  partner,  an  investor  is  free  to  pursue  other  professional  or  personal  ventures.  

•  An  investor  does  not  have  to  be  con9nuously  present  in  the  U.S.,  and  can  maintain  business  and  professional  rela9ons  in  their  own  country.  

•  An  investor  does  not  have  to  live  in  the  city  or  state  where  their  EB-­‐5  investment  is  located.  opportuni9es  and  how  you  can  obtain  permanent  residency  through  the  EB-­‐5  Investor  Visa  Program.  

Condi9onal  permanent  resident  status  gives  you  and  your  family  (spouse  and  unmarried  children  under  age  21  at  the  9me  of  applica9on)  the  same  benefits  given  to  other  lawful  permanent  residents,  including:      •  �Freedom  to  live  and  work  anywhere  in  the  United  States  •  Freedom  to  travel  outside  of  the  U.S.  and  return  without  a  

visa  •  Freedom  to  develop  and  run  your  own  business  •  No  employment  authoriza9on  required  to  accept  

employment  •  The  ability  to  sponsor  green  cards  for  your  rela9ves  •  Enjoy  the  educa9on  benefits  of  permanent  residents  such  as  

admission  to  state  universi9es  at  resident  costs  •  The  opportunity  to  become  a  U.S.  ci9zen  once  you  have  been  

a  permanent  resident  for  more  than  five  years  

The New Astor Hotel & Spa An EB-5 Investment Opportunity

 

Law Offices of David J. Hart, P.A. / T (+1)305.577.9977 / [email protected]

The  Astor  Hotel  EB-­‐5  Offer      

   

�As  part  of  our  broad  review,  and  echoing  President  Obama’s  call  to  promote  immigrants’  entrepreneurial  spirit,  we  have  focused  on  the  Immigrant  Investor  Program,  commonly  referred  to  as  the  EB-­‐5  Program.  It  is  a  program  designed  to  a[ract  investors  and  entrepreneurs  from  around  the  world  to  create  jobs  in  America.    �    The  Beacon,  the  Official  Blog  of  USCIS  

“”

The  Astor  EB-­‐5  offer  is  a  USCIS  compliant  EB-­‐5  offer  based  on  the  equity  model,  in  which  each  investor  makes  his  qualifying  investment  to  become  an  owner  of  the  new  LLC  that  will  acquire  the  hotel.  Suntrust  Bank  will  act  as  escrow  agent  for  the  project  and  will  release  the  funds  in  order  to  make  the  acquisi9on  or  upon  approval  of  the  I-­‐526  pe99on,  whichever  occurs  first.  �  The  job  crea9on  element  (10  full-­‐9me  permanent  jobs  for  US  ci9zens  or  lawful  permanent  residents)  will  be  derived  from  the  opera9on  itself  (hotel,  restaurant/bar,  spa,  and  retail).  The  jobs  created  are  all  direct  full-­‐9me  jobs  and  will  exceed  the  10  jobs  per  investor  requirement.    

The New Astor Hotel & Spa An EB-5 Investment Opportunity

 

Law Offices of David J. Hart, P.A. / T (+1)305.577.9977 / [email protected]

About  the  new  Astor  Hotel  &  Spa      

   

Extensive  renova9ons   in  1997  and  2002   lend  an  updated  twist  to  this  Art  Deco  beauty,  without  compromising   its  architectural  integrity.   The   hotel   has  maintained   not   only   the   original   exterior   facade   of   cut   coral   stone,   but   also   its   characteris9c   design  features.  Henderson  was  a  prolific  architect,  responsible  for  a  total  of  29  proper9es  throughout  Miami  Beach,  nevertheless  the  Hotel  Astor  unarguably  con9nues  on  as  his  piece  de  resistance.    �The  Miami  Design  Preserva9on  League  has   listed  the  Hotel  Astor  on  the  Na9onal  Register  of  Historic  Places   ,  and   it   is   likewise  prominently  featured  in  the  Art  Deco  Historic  and  Architectural  South  Beach  tour.  The  Hotel  Astor’s  striking  lobby  defines  haute  minimalism  at   its   very  best.   It   is   a  fine  example  of  modern  design  elements  perfectly   at   home   in   an  Art  Deco  palace.  Unique  features  such  as:  the  original  1936  Vitrolite  wall  panels;  and  a  ver9cal  water  sculpture  featured  in  the  garden  area  all  seamlessly  combine,  ushering  guests  into  an  atmosphere  of  true  style  and  contemporary  elegance.    

Designed  by  architect  T.  Hunter  Henderson  in  1936  as  a  masterpiece  of  Art  Deco  luxury,  the  Hotel  Astor  con9nues  to  reign  supreme  -­‐  a  bas9on  of  luxury,  modern  design,  and  

simple  sophis9ca9on  on  Washington  Avenue  at  10th  Street.    

The New Astor Hotel & Spa An EB-5 Investment Opportunity

 

Law Offices of David J. Hart, P.A. / T (+1)305.577.9977 / [email protected]

Rooms      All  of  our  42  rooms  are  decorated  in  soothing  shades  of  taupe  and  brushed  chrome.  Blond  oak  wood  was  used  for  the  armoire,  desk  and  headboard,  lending  a  warm  honeyed  tone  to  the  ambiance.  Simple  black  and  white  photographs  lend  an  ar9s9c  air  to  the  decora9on,  without  overwhelming  the  space.  The  CD  mini  stereo  allows  you  to  tune  in  or  tune  out.  Modern  ligh9ng  with  dimmer  switches  allows  you  to  adjust  things  to  your  on  personal  taste.  �  �Natural  canvas  blinds  allow  you  to  eclipse  outdoor  sun,  and  serve  to  further  create  a  soothing  retreat  where  you  can  relax  any  9me  of  the  day.  The  fully  stocked  mini  bar  is  sure  to  feature  some  of  your  favorites.  We’ve  also  made  sure  to  “hook  you  up”  as  each  room  has  2  phone  lines  and  a  data  tastefully  concealed  in  an  oak  armoire  to  maximize  space  in  style.  Each  room  also  features  a  convenient  personal  safe  for  added  security.  The  generous  marble  bathroom  features  an  oversized  bathtub/shower  and  brushed  chrome  fixtures  with  a  minimalist  style  in  mind.  Two  waffle-­‐weave  bathrobes  and  complimentary  Molton  Brown  bath  and  beauty  products  guarantee  to  smooth  things  over,  while  wrapping  up  in  style.  

The New Astor Hotel & Spa An EB-5 Investment Opportunity

 

Law Offices of David J. Hart, P.A. / T (+1)305.577.9977 / [email protected]

Dei  Frescobaldi      

�The   Frescobaldi   family   have   launched   a  number  of  successful   restaurants  throughout  Europe  but  bring  their  first  American  venture  to   the   shores  of   South  Beach   just   this  week.  The  Art  Deco  Astor  Hotel  provides  the  perfect  backdrop  for  this  brand  new  venture…  South  Beach  Magazine,  11/28/2012  “ ”

Located  inside  the  historical  Hotel  Astor,  a  South  Beach  ins9tu9on  of  hospitality,  dei  Frescobaldi  Miami  Beach  presents   its  first  American  experience  brought  to  you  by  legendary  company  Marchesi  de'Frescobaldi.  As  one  of  the  world's  most  coveted  and  chronicled  wine  producers,  dei  Frescobaldi  proudly   introduces   its  wines  to  South  Florida  along  with  authen9c,  contemporary  Italian  cuisine.    Four   excep9onal   chefs   from   four   different   regions   of   Italy   create   dishes   that  complement  these  dis9nguished  wines,  such  as:  Mormoreto,  Luce,  Giramonte,  Ornellaia   and   Masseto;   arguably   some   of   the   most   exclusive   Super   Tuscans  made  available  anywhere.    The   concept   of   dei   Frescobaldi   -­‐   already   successful   in   Florence,   Rome   and  London   -­‐   comes   to   life   in  Miami   Beach  with   an   invi9ng   150   seat   dining   room  (complete  with   built-­‐in  wine  market),   a   cozy  wine  &   cocktail   bar   area   and   an  outdoor  pa9o   that   is   surrounded  by   lush  greenery,   crea9ng  an  almost  hidden  garden  under  the  stars.  This  goal  of  dei  Frescobaldi  Miami  Beach  is  to  welcome  guests   to   its   homemade   and   fresh   Italian   dishes   and   wine   porpolio   boas9ng  over  700  years  of  wine  history.      

The New Astor Hotel & Spa An EB-5 Investment Opportunity

 

Law Offices of David J. Hart, P.A. / T (+1)305.577.9977 / [email protected]

Ques9ons?  Contact  us.        

   Law  Offices  of  David  J.  Hart,  P.A.  �  21  Southeast  First  Avenue  10th  Floor  Miami,  Florida  33131  USA    [email protected]  Tel:  (+1)305.577.9977