HOTEL ASTOR IN MIAMI BEACH GRANTED EB-5 STATUS

After a grueling two-year application process, Miami Beach’s Hotel Astor has been granted EB-5 status by the U.S. Citizenship and Immigration Services office. That means the 18 investors from Brazil, China, and Venezuela who are funding $9 million of the hotel’s renovation will be getting visas that pave the way for their permanent U.S. residency. The investors put in $500,000 each. read more… Source:  The Real Deal.