Prosperous Living Investment Launches EB-5 Project in Manhattan

Wed, 29 Apr 2026 00:00:00 +0000

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.

Vietnamese Investors on US Immigration, Explained Daily

Prosperous Living Investment Launches EB-5 Project in Manhattan