EB-5 Financing Backs Proposed Dream Hotel In L.A.
From Los Angeles Times:
Spring Groundbreaking Leads To 2013 Opening
Long-standing plans to build a $45-million hotel in Hollywood have been revived, the developers said, with new financing and a new operator. The nine-story hotel at Selma Avenue and Cahuenga Boulevard formerly to be known as the Selma was approved by city officials in 2008, but funding for real estate development grew hard to come by as lenders tightened their purse strings in the economic downturn. Click here for the full story.
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