The Morrison Hotel is one investment opportunity that has opened up for EB-5 investors. Its historical significance is embedded with the spirit of Los Angeles Renaissance, dating back to the 1920’s when it was first built. Residents at the hotel are placed amidst Downtown’s vibrant sports and entertainment centers, financial hubs, flourishing Arts District, creative eateries and eclectic boutiques. The central location is within walking distance of Santa Monica and Malibu, Hollywood Boulevard and the world-renowned shopping of Beverly Hills.
The iconic hotel will be restored and renovated, whilst also introducing new upgrades including restaurants, nightlife and entertainment offerings. The residences will feature an elegant, contemporary design, while the unrivaled amenities of the sophisticated hotel below will include a style pool, cocktail lounge and chef-driven restaurant allowing residents to unwind in comfort.
The projected tourist population coming into Los Angeles will be at 50 million by 2020, thus the need for more residential spaces and hotels will increase. There are also three prominent demand drivers which support the need for increased development.