Flag Luxury Group has found a new equity partner for its Manhattan hotel project, The Ritz-Carlton New York, NoMad. EB5 Capital made a $125 million preferred equity investment in the 250-key.
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WASHINGTON, April 18, 2019 (GLOBE NEWSWIRE) — EB5 Capital announced its $125 million preferred equity investment in Flag Luxury Group’s Ritz-Carlton hotel project in NoMad was finalized and executed last week.Flag Luxury and EB5 Capital have come to full agreement on terms, with all deal documents signed for this much-anticipated hotel project.
EB5 Capital’s term with the sponsor began on February 28th, 2019, with EB5 Capital advancing their first funds to the project last month. "We’re excited to officially announce EB5 Capital as a signed partner in this flagship Ritz-Carlton hotel project in New York City," said Angelique Brunner, EB5 Capital’s President.
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Flag Luxury 70 east 55th street New York, 10022 . We are a privately held real estate development company headquartered in New York City with a primary focus on luxury hotels and land based entertainment.
WASHINGTON, April 08, 2019 (GLOBE NEWSWIRE) — EB5 Capital announced its $125 million preferred equity investment in Flag Luxury Group’s Ritz-Carlton hotel project in NoMad was finalized and executed last week.Flag Luxury and EB5 Capital have come to full agreement on terms, with all deal documents signed for this much-anticipated hotel project.