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CASE HOTEL
Hotel D e ve lopme nt
EB 5 Capit a l - J o bs Fund 12, LP
1106 &1108 South Broadway
Los Angeles, CA 90015
$500,000 per Investor
50 EB-5 Units
This does not represent an offer or solicitation to buy or sell any securities.
Investments are available only to qualified investors through the confidential Offering Memorandum.
PROJECT OVERVIEW
Project Name:
Case Hotel
Project Description:
Redevelopment of an existing 13-story commercial building into a 148-room boutique hotel with a
restaurant, swimming pool, and rooftop bar
Project Address:
1106 & 1108 South Broadway, Los Angeles, CA 90015
Desirable Location:
Transportation Access:

In the heart of Downtown L.A. bordering the two most rapidly revitalizing neighborhoods,
South Park and the Broadway Theater and Commercial District; a 10-minute walk from LA
Live, the Los Angeles Convention Center, and the Staples Center

1 block from Alma, the “Best Restaurant in America in 2013”, according to Bon Appétit
magazine, and approximately 3 blocks from Whole Foods Market, which will open in 2015

Downtown L.A. is Southern California’s largest office-space market, and home to L.A.’s most
acclaimed chefs, with bars and restaurants throughout

Located in the historic Broadway Theater and Commercial District, the largest historic theatre
district on the National Register of Historic Places, which has the world’s largest concentration
of movie theaters built between 1910 and 1940

A significant concentration of development is anchored along Broadway street, all within a few
blocks of the hotel; there are several thousand residential units scheduled to open over the
next 3 years

A new streetcar-style trolley service is expected to open in 2019 and will stop at the project’s
front door

The site is conveniently located to several interstate highways and is less than a 30-minute
drive from Los Angeles International Airport (LAX)

Union Station, a major railway station for Southern California, is a 10-minute drive from the
project; Pico Metro Station, the closest metro station to the site, will have service to Santa
Monica beach and is planned to open in approximately 1 year
The Kor Group | http://www.thekorgroup.com/
Premier International
Developer:
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Case Hotel

Since 1999, Kor has acquired and developed hospitality, residential, and office assets valued
in excess of $2 billion

The creator and developer of the renowned Viceroy Hotel brand and management company

In addition to growing Viceroy to a platform with more than 3,500 hotel rooms under
management, Kor’s track record includes the acquisition and repositioning of over 10,000
apartments and condominium units
This does not represent an offer or solicitation to buy or sell any securities.
PROJECT DETAILS
Timeline
Financing Breakdown
Zoning Approval – Q2 2014
Architectural Drawings – Q3 2014
Sponsor
Equity
EB-5 Fundraising - Q4 2014
Groundbreaking – Q1 2015
15%
Construction Duration - 21 months
48%
Capital Stack
37%
Construction Loan:
$ 36,000,000
(47%)
EB-5 Preferred Equity:
$ 25,000,000
(33%)
Sponsor Equity*:
$ 15,000,000
(20%)
Total Project Cost:
$ 76,000,000
(100%)
Construction
Loan
EB-5
Preferred Equity
Investment Description
Number of Investors:
50
5-year investment period; 1% accrued annual return
Number of Jobs Needed:
500
Limited Partnership will be a member of the entity
that owns the land and the hotel
Number of Jobs Projected:
743
Job Methodology:
RIMS-II
Limited Partnership receives 100% priority to
cash flow to achieve annual return after bank loan
payment
Exit strategy – sale or refinance after Year 5
Job Breakdown
Limited Partnership receives 100% priority to sale or
refinance proceeds after bank loan is repaid
Direct
Jobs
Indirect &
Induced Jobs
Total
EB-5 Jobs
Construction
-
254
254
Services
-
183
183
Project Features
Operations
163
143
306
Rooftop pool and bar with cabanas and fire pits,
restaurant, and fitness center
Total EB-5 Jobs
163
580
743
This does not represent an offer or solicitation to buy or sell any securities.
Projected stabilized value - $ 85,300,000 based on
third-party appraisal
Case Hotel
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PROJECT LOCATION
The project is located in the South Park neighborhood in Los Angeles, California, which is the most populated city in California
and 2nd most populated city in the U.S. after New York. It is a 5-minute drive from three major landmarks downtown - LA Live,
the Los Angeles Convention Center, and the Staples Center - as well as from the 7th Street Metro Center Station. It is also a
10-minute drive away from Union Station. The University of Southern California (USC), a private school founded in 1880 and
currently ranked 5th among all universities in California, is only a 10-minute drive from the site, as is the Walt Disney Concert
Hall, which is home to the Los Angeles Philharmonic.
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Bunker Hill
Financial District
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4
South Park
Case Hotel
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(Staples Center)
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(Alma Restaurant)
(Metro Center Station)
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(Union Station)
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Case Hotel
(Walt Disney Concert Hall)
This does not represent an offer or solicitation to buy or sell any securities.
SUBMARKET OVERVIEW
Downtown L.A.
LA Live

Entertainment complex next to Staples Center in downtown L.A. covering more than
6 blocks

Home to Nokia Theater, a venue that hosts over 120 events each year, including
a variety of television and award shows such as the Emmy’s, MTV’s Video Music
Awards, and American Idol

5.6 million square feet of apartments, ballrooms, bars, concert venues, movie theaters,
restaurants, and a 54-story hotel and condominium tower

One of the most technologically-advanced convention and exhibition centers in the
world that attracts over 2.5 million visitors annually

Hosts annual events such as the Anime Expo, Greater Los Angeles Auto Show, and
Microsoft Worldwide Partner Conference

Contains over 720,000 square feet of exhibition space, 147,000 square feet of meeting
room space, a 299-seat presentation theater, 3 food courts, and a full-service business
center

Large multi-purpose sports arena, which hosts over 250 events per year with nearly
4 million guests

Home to the Los Angeles Lakers and Los Angeles Clippers of the National Basketball
Association (NBA); the only arena shared by 2 basketball teams

Events include the annual Grammy Awards, NBA All-Star Games, and various concerts
with performances by Beyoncé, Taylor Swift, The Rolling Stones, and more

NBA (National Basketball Association): Los Angeles Lakers and Los Angeles Clippers;
and WNBA (Women’s National Basketball Association): Los Angeles Sparks

NHL (National Hockey League): Los Angeles Kings, champions of 2 of the last 3 Stanley
Cups

MLB (Major League Baseball): Los Angeles Dodgers

The success of LA Live, the JW Marriott and Ritz-Carlton Hotels created a significant
increase in demand in the downtown submarket

Consists primarily of nationally-branded and independent full-service hotels

There is a lack of hotels within walking distance to the Los Angeles Convention Center,
which has lost large conventions to other competiting convention centers due to the
short supply of hotels
Los Angeles Convention Center
Staples Center
Professional Sports Teams:
Hotel Submarket:
This does not represent an offer or solicitation to buy or sell any securities.
Case Hotel
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DEVELOPER OVERVIEW
Developer:
The Kor Group | http://www.thekorgroup.com/
Background:

Acquired and developed hospitality, residential, and office assets valued in excess of $2 billion

The creators of the Viceroy Hotel brand and management company, and one of the biggest residential
developers in Los Angeles for the past 10 years

Expertise in all project types, including ground-up development, redevelopment, and renovation

Properties redefine the concept of boutique and luxury hospitality; leading innovator in the design and
development of lifestyle properties, and has received numerous awards

Caters to the “creative class”, a large and growing population of creative thinkers and entrepreneurs from the
technology, visual arts, retail, entertainment, design, journalism, and music fields
Kor created and expanded the Viceroy portolio in premier markets in the U.S. and internationally:
Selected
Portfolio:

The Kor Group, established in 1999, are the originators of the Viceroy brand

The same group behind Viceroy will unveil a new brand at Case Hotel

An international wealth fund bought Viceroy Hotel Group (brand and management company) in 2008
Viceroy Santa Monica
Viceroy Palm Springs

67-room luxury boutique hotel in Palm Springs, California

162-room hotel in Santa Monica, California

Completed renovations in 2001, and earned accolades as
one of the top 50 hotel spas in the U.S.

Named among the “Top 100 Hotels in the U.S. and
Canada” by Travel & Leisure Magazine

166-room luxury resort located in the Caribbean

30 thatched-roof private villas in Playa del Carmen, Mexico

Nominated as the “Best Hotel in the World for Design” by
Condé Nast Traveller UK Readers’ Travel Awards

Named as one of the Best Hotels in Mexico for 2013 by the
U.S. News & World Report

70-room resort in Guerrero, Mexico

Included on Travel & Leisure’s 500 list and named “Most
Oustanding Hotel” by Condé Nast Johansens
Viceroy Anguilla
Viceroy Riviera Maya
Viceroy Zihuatanejo
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Case Hotel
This does not represent an offer or solicitation to buy or sell any securities.
REGIONAL CENTER OVERVIEW
EB5 Capital:

100% I-526 & 100% I-829 approval rate

10 past projects totaling over $170 million

Returned funds on past projects

One of the only Regional Centers to have taken investors through the full immigration and investment cycle
(I-526, I-829, return of funds)
Angelique Brunner, President
Management:

On the Board of Directors of IIUSA and Chair of the Public Policy Committee

Submitted official congressional testimony in support of the EB-5 Visa Program

Enlisted partnerships with Marriott International and Hilton Worldwide

Previous experience:


$3 billion in previous structured finance

Past Director of Finance for National Capital Revitalization Corporation (NCRC)
Education:

Princeton University - Master of Public Policy

Brown University - Bachelor of Public Policy
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5
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$5 million / 10 investors
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San Jose Marriott Hotels
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$35 million / 70 investors
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$17 million / 34 investors
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1000F
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$9 million / 18 investors
This does not represent an offer or solicitation to buy or sell any securities.
The Coliseum
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$18 million / 36 investors
Case Hotel
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Creating jobs through foreign investment™
Rev. 01/2015
This does not represent an offer or solicitation to buy or sell any securities.
Investments are available only to qualified investors through the confidential Offering Memorandum.