Hotel financing

Bill would renew authorization and reform EB-5 investor visa program

The EB-5 INVESTOR visa program, a source of funding for construction projects such as hotels, will expire in June. The newly proposed legislation would renew and reform the project to avoid losing another line of funding for projects as the industry begins to rebound from the COVID1-19 pandemic. the 2021 …

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Innovative projects to reactivate the tourism sector will be supported by funding

Santo Domingo, DR Banco de Reservas and the Dominican Hotel and Tourism Association (Asonahores) have signed a collaboration agreement to support and promote the reactivation of tourism in the Dominican Republic and promote the sustainable development of the communities involved. Samuel Pereyra, managing director of the financial institution, and Rafael …

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Miami Senior Housing Project Lands $ 42 million loan

The Oasis at Coral Reef. Rendered courtesy of BHI Royal Senior Care has received $ 41.9 million in construction funding for its upcoming 217,123 square foot luxury senior community, dubbed The Oasis at Coral Reef, in Miami’s Richmond Heights neighborhood. BHI’s healthcare group settled the debt, which included a $ …

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Ocado invests £ 10m in Oxford startup Oxbotica to develop range of autonomous vehicles

The Ocado Group, a leading UK-based online grocery platform and solution provider, has announced the partnership with Oxford start-up Oxbotica to develop a range of self-driving vehicles. The company has invested $ 13.8million (almost £ 10million) and bought a stake in the startup which develops autonomous driving systems. Part of …

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New fintech start-up on Sunday lets restaurateurs pay in 10 seconds with £ 14.5m in funding

Big Mamma founders partnered with Christine de Wendel to raise € 20m (nearly £ 14.5m) in seed funding from Coatue and New Wave, with additional support from numerous hotel investors established who have helped fund Big Mamma and other hotels and restaurants around the world. This will be used to …

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Travel seed funding this week – Skift

Each week, we bring together travel startups that have recently received or announced funding. Please email Sean O’Neill, Travel Technology Editor-in-Chief, at [email protected] if you have any funding news. This week, travel startups announced more than $ 4 million in funding. >>Bandwango, a start-up focused on providing destination marketers with …

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Stop funding our destruction, say climate change activists facing threats

Just weeks after security forces reportedly killed her friend and fellow human rights defender Melvin Dasigao and eight other activists, Filipino activist Mitzi Jonelle Tan was back in the streets to protest. “Stop funding our destruction,” the 23-year-old shouted outside British bank Standard Chartered during a protest in Manila last …

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Revitalizing vision for downtown Saskatoon requires non-traditional funding, administration says – Saskatoon

Saskatoon is at the same crossroads it was almost 50 years ago to revitalize its downtown core, city officials say. At the time, the revitalization included transforming the station into Midtown Plaza, with the opening of the Sid Buckwold Bridge and Meewasin becoming a reality. Now, a new downtown arena, …

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Franchise and hotel management contracts: what should an owner focus on?

By Daniel R. Weede Choosing a hotel brand and a hotel manager are two of the most critical choices hotel owners can make, but many don’t fully understand the key hardware issues or try to negotiate their franchise agreements and Management. This article discusses essential and frequently negotiated issues in …

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City of Rockport officials: do the hard work, show voters a fundraising plan for the village parking lot

The recent PenBay Pilot article on a potential parking lot in Rockport Village contains misleading information for Rockport voters. A TIF (Tax Increment Financing) is used to finance redevelopment projects with the idea that anticipated future tax revenues from the new development as a result will pay the expense without …

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