What are the details of the Chicago Convention Center project?

Asia-America-Europe Group answers your question:

Project overview:

The core of the design of Chicago Convention Center is sustainability and unparalleled luxury, which is an innovative and environmentally sustainable development model. Its epoch-making business concept integrates the most advanced conference center facilities with five high-end hotels: Element by Westin under Starwood Hotels, Hotel Indigo and Stay bridge Suites under InterContinental Hotels Group, Hyatt Residence and Hyatt Place & Hyatt Summer Field Suites.

Chicago Convention Center will attract domestic and foreign business by providing exquisite conference and hotel facilities provided by reliable brand suppliers. Experts authorized by the government have provided a feasibility analysis report, which shows that EB-5 project will be a successful project, and the operation of EB-5 project will be a great victory for Chicago and Illinois.

The Chicago Convention Center will be built in Chicago, near Chicago O 'Hare International Airport. This unique way of co-branding will be very beneficial to take advantage of the natural growth demand and meet the demand for increased traffic generated by the modernization expansion project of Chicago O 'Hare International Airport of 20 131500 million US dollars.

Project advantages:

Government investment exceeds 55%. This is an unusual government cooperation relationship.

EB-5 investment accounts for 25.5% of the total development budget. This is the safest EB-5 project. Due to the cooperative relationship between developers and the government, developers have supervised all aspects of investment before investing, and reached an unprecedented understanding on capital income generation and cost saving.

The original intention of the project is to resist the negative impact on the region's economy in the future economic downturn, and the international balance of payments in the region will be less than 42% in the future.

Each investor in EB-5 project created 17.2 jobs, exceeding 73% of the requirements of US Citizenship and Immigration, thus ensuring the investor's permanent green card qualification in the United States.

The project has two independent reports on economic creation (IMPLAND &; RIMS II), both of which have been certified by the Embassy of China to ensure investors' permanent green card qualification.

The project will be opened in a rising market, so the rebound in demand can be used to meet the additional requirements of the 20 13 Chicago O 'Hare International Airport modernization expansion project.

Marketing: Millions of dollars are spent on free advertising marketing and worldwide news coverage, so that the project can be pre-sold. So the sales in the first six months can be stabilized.

The world's first conference center and hotel complex to provide carbon credit to customers.

The power of five hotel brands.

Create employment opportunities

Each investor in EB-5 project created 65,438+07.2 employment opportunities. Only by creating indirect employment opportunities, the employment opportunities created by this project have exceeded the 73% stipulated by the Immigration Bureau, thus ensuring investors' permanent green card rights in the United States.

Number of EB-5 investors: 499

Number of jobs to be created: 4,990.

Number of jobs indirectly created by the project: 8,493.

Project investment ratio:

Security:

EB-5 Investors' Return on Investment

65,438+0% ($5,000) of the annual net income is the priority income.

EB-5 investors will own the entire project (conference center and 5 hotels) 12.75% equity income. EB-5 investors, as investors of the project, can also share the benefits brought by the project operation every year and the rich benefits brought by the project five years later. Exempt shareholders including EB-5 investors from state tax/state tax on dividend income. With the approval of I-829, it will produce an accelerated return on investment.

EB-5 Investor Security

Pledge developer 100% equity.

The first guarantee of EB-5 investors' income is the ownership of all land entities, such as hotels and conference centers.

The land value is 690 million US dollars, and the whole project exceeds165438+90 million US dollars (appraisal can be required after completion).

Appraisal certificate of China Embassy.

Project details:

The complex will include more than 65,438+090,000 feet of conference center and conference space, as well as five high-end luxury hotels. This complex is ready to use the economic recovery to fill the gap in the current market. The Chicago Convention Center will provide a total of 24,000 square feet of four-story conference space, all of which will be connected to the three towers on the ground floor. The complex also has a 15 meeting room on the high floor, and the whole building also has a 4,200-square-foot restaurant, lounge and bar.

The complex will have five high-end luxury hotel brands in the main halls of the three towers. Tower 1 will accommodate the Westin Building on 17 floors, which is a Starwood hotel brand with 336 suites. Building 2 will accommodate Indigo and Spring Hill suites on floors 19, 209 rooms and 154 suites, forming the brand of IHG. Tower 3 will accommodate Hyatt Plaza and Sommerfeld Suites Hotel, with a total of 14 floors, and each Sommerfeld Suites includes 148 suites. There are 797 suites in five hotels in this complex, 198 rooms, accounting for 995 rooms.

In addition, the development project will become the largest hotel green roof complex in China, with the spa area, yoga room, bar/lounge area and glass corridor central hall on the roof covering an acre. Finally, there is an automatic robot parking system of 1 365 square feet under the convention center.

Market prospect:

Chicago O'Hare Airport Expansion Project-Revenue Generation-Carbon Emission Credit Line

Expected performance

The modernization and expansion project of O'Hare Airport with a cost of $654.38+0.5 billion is expected to increase the airport capacity by 60% by 2065.438+03, making Chicago O'Hare Airport one of the busiest airports in the world again. At present, flight attendants in 20 1 1 year continue to occupy 77.438+0% of the Chicago O'Hare hotel market. The average room rate for a standard room is 186 USD. In 20 13, after the expansion of O'Hare Hotel, it is expected that the share of passengers in luxury hotels will increase to 86.5%. At the same time, the average price of a standard room of 20 14 is $222. According to the historical performance of O'Hare market area at present, the proposed comprehensive building will get a lot of support. In 2008, the airport handled 8,865,438+0,000 flights, equivalent to an average of 2,409 flights and 70 million passengers per day. In contrast, the airport expansion in O'Hare will reach full capacity in 20 13 years, and the traffic volume will increase by 60%, exceeding 3,800 voyages every day, and the number of passengers will exceed 1. 1 billion every year.

Income generation

Generally speaking, Chicago Convention Center will have the strength of five hotels, because it has five hotel room reservation systems and five leading brands, which will provide the comprehensive building with five times the exposure of other competitive hotels and attract new business. These attributes can be translated into higher occupancy rate and daily average house price, so higher income per room and greater market penetration can be obtained.

Carbon emission credit line

The innovation and creativity of developers' development and design and the cooperative relationship with the government have created the world's first unique and most advantageous successful project.

Becoming the first hotel conference center in the world to provide carbon emission credit lines for corporate customers, today we are creating the future. Relying on this national advantage and unique favorable conditions in the world, we will undoubtedly become their final choice. All large companies and Fortune 500 companies have very high carbon emission credit requirements, and we can completely meet this requirement, so we can attract more business for our hotels and conference centers.

Today, we create the future by providing carbon credit to our customers, and at the same time, we also bring global advantages to our customers.

Synergistic advantages of developers

Loop Capital Markets Asset Management Company is the priority underwriter of the government and the largest financial company in the world. In the past six years, Loop Capital Markets Asset Management Company has completed 1 1,770 government financial investment transactions, with the total target exceeding10.32 trillion US dollars.

At the request of the government, the developer ensured the completion of the project, thus ensuring the creation of employment opportunities for EB-5 investors. Moreover, the developer has over 150 years of management experience in various construction projects, and was once the general contractor of more than 250 hotels in China, and participated in the management of several middle and high-rise building projects in downtown Chicago.

Loop Capital: Our development projects can not only meet the current needs, but also enable future generations to meet their needs. Chicago Convention Center is a development project dedicated to protecting the urban environment of our home. It is a "triple bottom line" mission, which can be summarized as a simple statement: urban environmental protection (zero carbon emission)+job creation = economic environment and social benefits.

Government participation and support

The partnership with government investment fully shows that the project can be successfully completed.

The Chicago Convention Center takes into account the concern for the modern environment, which reflects the green vision of President Obama and Chicago Mayor Daley, as well as the responsible energy policy plan and Chicago's climate action plan.

President Obama

"Employment will be the top priority of our work in 20 10" (State of the Union address in 20 10) "The government should invest in clean energy and clean work, because renewable energy can create more jobs than fossil fuels."

Mayor Daley

"I promise to improve our environment and make Chicago the greenest city."

"I believe that if we work together to meet the challenge of climate change in a creative and bold way, our city will continue to lead the world in designing a road to a safer future." Chicago is an environmental leader in cities all over the world, and has been striving to become the most environmentally friendly city in the world.

Mayor Daley said he planned to make Chicago "the friendliest American city in China".

Mayor Daley told President Hu Jintao, "We hope that Chicago and China will establish a new type of cooperative partnership, which will benefit future generations."