An EB-5 Visa Program within the Florida EB-5 Regional Center - Mainsail Development and Operations
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
A Developer and Operator
of Office, Retail and Lodging
Lodging • Development Properties
Mainsail Development and Operations
An EB-5 Visa Program within the Florida EB-5
Regional Center
Mainsail Lodging and History
Development, Inc. In 1999, Mainsail opened its first lodging complex. The ‘Mainsail Suites Hotel and Conference
Center’ is situated in a prime location within 5 minutes of The Tampa International Airport. It
Lodging • Development
was developed as a private training center for PricewaterhouseCoopers (PwC) under a master
Mainsail Lodging & Development is an entrepreneurial company passionate for seeking and lease. Trainees traveled from around the world to attend multi week hi-tech training courses at
developing unique business opportunities and seeing them to completion, and then maintaining the facility.
their success and profitability. Mainsail Lodging and Development is an ever-changing, evolving
company that will continue to find and grow business opportunities that are profitable within the Joe Collier the founder of Mainsail and a Marriott Hotels veteran proposed the partnership between
lodging industry. Mainsail and PwC and the $50 million complex was created. This deluxe property operated as
a full service 360 suites hotel and conference center with a host of business and recreational
Leadership facilities.
As President, Joe Collier sets the tone for Mainsail and together with his In 2002 Mainsail began to acquire Marriott Execustay franchises in the Southeast. Operating
leadership team, works to build a company where employees, partners and under the Execustay brand, Mainsail procures, furnishes and manages luxury apartments under
investors are all highly valued, and new ideas are welcomed. leases to corporate, government and leisure clients that require temporary housing.
A native Floridian born in Miami, Joe received his Bachelor of Science In 2007, Mainsail Management Group Inc. acquired a two-acre parcel of land that abutted the
in Hotel Management and Marketing from Florida State University Mainsail Suites Hotel on which was constructed a $10 million conference center that opened in
and completed his internship in the European Hotel program in Leysin, 2009.
Switzerland. He spent 15 years with Marriott International in sales,
marketing and development before forming Mainsail in 1998. In June of 2009, Mainsail purchased a luxury beachfront condominium, a 60 slip marina and the
surrounding acreage on Anna Maria Island just south of St Petersburg, FI. Presently; they operate
Joe C. Collier the Mainsail Beach Inn and will begin the construction phase of the new Mainsail Lodge and
President Marina in the Fall of 2013.
In February 2010 Mainsail opened a $110 million boutique resort in the British Virgin Islands.
Developer The Scrub Island Resort Spa & Marina features five star amenities, spa, restaurants, conference
space, and a world class yachting marina. This exciting project is made up of luxury villas and 52
Mainsail is a Tampa-based diversified real estate company that specializes in management,
rooms and suites perced above the pristine beaches of this private island.
development, marketing and sales, with a focus on office, retail and lodging properties. Mainsail’s
strategy is to maintain a young, entrepreneurial approach on developing successful shopping
In 2010 Mainsail purchased and completely renovated a 328 unit apartment complex in the South
centers, office buildings, and hotel resort projects to the highest level while building long term
Tampa area. This property is branded as Mainsail South Residences and services the Execustay
partnerships with investors, partners, and associates. Mainsail functions as a top-tier developer in
brand.
addition to an established property manager. As such, Mainsail strives to provide comprehensive
detail about each opportunity.
Operator
In addition to serving as a Project’s developer, Mainsail offers its lodging expertise as an operator,
providing ongoing hotel management and marketing for a Project. Mainsail currently owns and
operates seven properties throughout Florida, South Eastern U.S. and the British Virgin Islands.
2 3
Suites Hotel & Conference Center
In 1999, Mainsail Management Group, Inc. (MMGI) opened a $50 million complex on 18 acres on
Eisenhower Boulevard near the Tampa International Airport. Originally designed as the national Mainsail Lodging & Development, on behalf of
training facility for PricewaterhouseCoopers, Mainsail offered a campus-like setting for PwC Scrub Island Development Group (SIDG), was
employees from around the world as they attended a ten week information technology consulting contracted as both the developer for the project and
course. the operator of the completed resort and residential
community.
When IBM bought PwC’s management consulting
division, Mainsail Lodging & Development Mainsail is one of the partners making up SIDG, the entity which holds exclusive ownership of
transitioned the complex from a custom designed Scrub Island Resort, Spa & Marina.
training facility to a full service hotel.
This spectacular $110 million resort boasts the following amenities:
In 2007, MMGI acquired a two-acre parcel of land
that abutted the Mainsail Suites Hotel on which was • 55-slip, deep water marina designed to accommodate yachts up to 160 feet
constructed a $10 million conference center that • 52 resort guest rooms, consisting of 26 two-bedroom condos
opened in 2009. • 6 Ocean View Villas (2 bedrooms each), which are part of the resort rooms inventory
• 2 Longview Villas (3 and 4 bedroom), which are part of the resort rooms inventory
Today, Mainsail Suites Hotel & Conference Center • 25,000 square foot Pavilion Building encompassing lobby, restaurants, meeting rooms,
encompasses 360 villa-style one and two-bedroom suites featuring full size, fully equipped business center, public restrooms and administrative offices
kitchens, separate living and dining areas, and private patios or balconies. Amenities include • Multi-level swimming pool with two pool bars
a full-service restaurant, an expansive health club, sand volleyball courts, basketball courts, • Six food service areas
swimming pool, hot tub and sundeck. The conference center boasts 17,000 square feet of flexible • Fitness Center and full service spa
event space with onsite professional services comprised of innovative culinary experts, catering • Commercial space including a boutique, dive shop, gourmet market and real estate office
consultants and dedicated audio visual staff.
• Extensive infrastructure encompassing a desalination plant, sewage treatment facility,
central laundry, backup generators, crew boats & ferries, warehouse, and material yard
In December 2011, the resort was accepted into the Marriott franchise system under its new
upscale Autograph Collection® flag.
Under Mainsail Housing of Tampa, LLC, Mainsail Lodging & Development owns the ExecuStay
franchises in 8 major markets in the southeast, which encompass Florida, Georgia, South Carolina,
The amazing features above are further enhanced by the inherent beauty and utopic setting of the
North Carolina and specific regions within Alabama.
island in its natural state. There are four natural beaches, a whale watch area, a cliff peninsula
called Governor’s Point which is an ideal setting for weddings, and a diverse landscape with
Mainsail’s ExecuStay operations teams furnish apartments for stays of 30 days or more and
spectacular views.
specialize in diverse target markets, including corporate relocations, project management/
consulting, government/military, entertainment, and medical treatment.
The mixed use nature of the property provides for a highly promising array of revenue opportunities
and visible forward return for our investors.
In May 2012, Marriott sold the ExecuStay brand to Oakwood Worldwide. Mainsail’s ExecuStay
business has grown to well over 1,000 units.
4 5
Mainsail has current and future proposed properties that are or are intended to be franchised under
Marriott’s Autograph Collection banner.
In 2009, Mainsail Lodging & Development Autograph Collection is an evolving ensemble of strikingly independent luxury hotels. Each
in conjunction with its limited partners destination has been selected for its bold originality, rich character and uncommon details. From
purchased two distressed mortgage notes near to far, iconic to historic, the result is a unique array of properties that is nothing less than
whose assets included: completely unique, nothing short of collectively exceptional.
Launched in January of 2010, the Autograph Collection currently includes 35 properties in the
• 12 newly completed and fully furnished luxury condominium units located directly on
United States, Europe, the Caribbean and South America with further expansion planned for Asia
Holmes Beach on Anna Maria Island.
and the Middle East/Africa.
• A contiguous parcel fully entitled for an additional two units and supplementary amenities
All 35 hotels in the Autograph Collection participate in Marriott Rewards, Marriott International’s
Mainsail raised private equity and acquired a short term loan, then initiated a business plan in award-winning guest loyalty program, where guests can earn points at more than 3,200 hotels in
which the beach units were immediately put into a rental program through Mainsail’s marketing 68 countries.
organization. The units were also made available for sale.
Mainsail Beach Inn continues to garner the highest rankings on Trip Advisor and similar travel
websites, for its elegant two and three bedroom residences, which feature authentic island
architecture and traditional interior design, including gourmet kitchens complete with marble
counter tops, custom wood cabinetry and stainless steel appliances.
In 2010, Mainsail Lodging & Development acquired Mainsail South Residences, a 328-unit
apartment complex located in South Tampa, for $28.5 million. This asset includes a clubhouse
with fitness center, resort style pool with sundeck, pedestrian bridge, and a broad selection of one
and two-bedroom floor plans. The community has a
convenient location to downtown Tampa, MacDill
Air Force Base and the Westshore Business District.
Mainsail South is an excellent in-fill property in
the coveted South Tampa sub market. The complex
was fully renovated after purchase and enjoys a
beautiful setting amongst its mature landscaping.
6 7
Blueprint for the Future Job Creation Methodology
Mainsail Lodging & Development strives to be the #1 Corporate Housing provider in the Individual EB-5 project job creation methodology shall be derived from the most recent IMPLAN
southeast and continue to seek new and exciting projects in the luxury resort segment. Mainsail software model developed by the Minnesota IMPLAN group (MIG). IMPLAN is the most widely
will continue to create unique overnight experiences in corporate housing and luxury hotel stays used analysis software systems for measuring
while expanding the brand in the United States as well as internationally. or estimating the economic impacts associated
with openings, closings, expansion, contraction,
As a growth strategy Mainsail co-invests with partners to acquire, develop and manage first-class and on-going operations of facilities ranging
lodging facilities, commercial and residential complexes in the Southeast and Caribbean. from industrial plants to national parks.
We will not grow by opening “cookie cutter hotels” on highway exits. We will continue to find IMPLAN is based on the national input-output
unique opportunities, through our relationships with clients, investors, and community leaders, technology tables, developed by the US Dept.
to provide an answer to an unsolved problem. We will continue our focus on the “build to suit” of Commerce, Bureau of Economic Analysis.
lodging solutions. This shows how each type of industry relies on
a different mix of its own labor and supplies
The next project to break ground will be a planned luxury hotel in historic South Tampa. The purchased from other industries and it is
hotel will offer a unique experience as a culinary center and will be franchised under Marriott’s calibrated to reflect local economic patterns
luxury boutique Autograph Collection. (of employment, payroll and business sales)
occurring within specified locations.
The data used in determining an analysis is
gathered from expenditure of capital into a
project and the projected revenues from its
business operations.
IMPLAN reports for each project feature a
combination of indirect jobs to be created at
the project location, the surrounding region and
(where applicable) throughout the rest of the
US from the economic impacts of expansion
activities. Job creation required for removal of
condition may therefore rely upon sufficient
indirect jobs.
Milestones for adjudication of indirect jobs will
be evidenced by providing accounting reports on
capital expenditure into a project and revenues
generated from its business operations.
This job creation methodology is transparent
and easily reproducible by reviewing entities.
8 9
EB-5 Project Structures EB-5 Visa Information
Projects developed by Mainsail will be structured to comply with EB-5 Visa regulations and to EB-5 visas are suitable for a variety of people that have the means available to qualify. EB-5 alien
assist alien entrepreneurs in obtaining Lawful Permanent Residency in the US. Mainsail EB-5 entrepreneurs are a diverse group and currently represent more than 60 different countries around
projects will generally be in the form of a Limited Partnership. the world.
Upon removal of condition for all eligible limited partners in a project there will be various
exit strategies available each as defined in a project limited partnership agreement. Generally
loan based projects would be from repayment of that loan and equity based projects from sale
of residential units owned by that partnership. In addition, limited partners may at any time sell
their limited partnership interest to third parties at market value with the caveat that they must
first have their residency condition removed before any sale of that partnership interest might
occur.
Professionals: from all walks of life looking to further their field via the resource offered to them
in the USA. Engineers, entertainers, architects, sporting personalities and their kin can fast-track
their route to permanent residency via EB-5.
Foreign Students: either currently studying in the USA or preparing to study in the US. Foreign
students currently on non-immigrant F1 or M1 visas may be nearing graduation and facing the
daunting task of job hunting and being granted an alternate visa to remain in the USA.
Doctors: from many foreign countries are provided great opportunity in the USA and can enter
on a variety of visas but to remain in the US those doctors will eventually need to seek permanent
residency.
Retirees: Eliminate the need to have to leave the USA and the worry of re-entry by becoming a
permanent resident and enjoy your retirement on your terms.
Current non-immigrant visa holders: facing time constraints, visa quota shortages, have been
denied extension or adjustment of their non-immigrant visa, business owners tired of the day-to-
day grind required to maintain their visa are some examples of people that have chosen the EB-5
route to gain their green cards.
There are a myriad of other reasons that people choose to utilize the EB-5 whether it be just to
the benefit of their unmarried dependent children approaching their 21st birthday or because they
have found new wealth and want to begin a new life with all the opportunity available in the USA.
10 11
Lodging • Development
Mainsail Development
and Operations
EB-5 Visa Program
Web: www.eb5mainsail.com
Important Notice and Disclaimer:
All information within this brochure is provided for General Guidance and informational purposes only as a service to the public;
information is not promised or guaranteed to be correct or complete; the authors assume no liability for the use or interpretation of the
information contained herein.
This brochure is not an offer or solicitation to invest in any security. Offerings will only be made pursuant to exemptions from registration
requirements set out in applicable securities laws. All interested parties must at all times relay solely upon the Private Placement
Memorandum specific to any project.
Further, interested parties should at all times contact legal counsel to obtain review and advise on any and all information stated herein.
Subject to Errors, omissions withdrawal and change without prior notice – August 2013.
You can also read
