Prosperous Living Investment (PLI) has announced the introduction of the Voco Times Square Broadway as a strategic EB-5 project aimed at Vietnamese investors, set to launch in 2026. This project has been selected after thorough due diligence on over 50 EB-5 projects and is notable for meeting all five of PLI’s internal safety benchmarks.
Key Details:
- The project features a 423-room IHG-branded hotel that has been operational since February 24, 2026, eliminating construction risk.
- Form I-956F was approved by USCIS on June 12, 2024.
- It supports 1,613 jobs, exceeding the regulatory requirement for 50 investors by three times.
- EB-5 capital constitutes only 12.36% of the total capital stack of $161.8 million, indicating a conservative financial structure.
- Located in a Manhattan Targeted Employment Area (TEA) with a 6.8% unemployment rate, it qualifies for the $800,000 minimum investment threshold.
The Voco Times Square Broadway is strategically located at 711 7th Avenue & West 48th Street, within walking distance of major attractions like Rockefeller Center and Grand Central Terminal. The Manhattan hospitality sector maintained an occupancy rate above 85% throughout 2025.
Qualified Vietnamese investors can benefit from permanent residency for themselves and their immediate family, a projected capital return horizon of 3-5 years, and no management or U.S. residency requirements during the petition phase. Only 50 EB-5 slots are available, with no second round planned.
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Source: Prosperous Living Investment