American Lending Center Invests in Spokane Economic Development with Sleep Inn
SPOKANE, WA (October 2019) – American Lending Center (ALC), a leading EB-5 regional center, recently celebrated the opening of Sleep Inn and Mainstay Suites Spokane Airport, which received significant funding support through ALC’s EB-5 investments.
Sleep Inn and Mainstay Suites is the nation’s 400th Sleep Inn hotel, the nation’s 20th Sleep Inn and MainStay Suites dual-brand hotel, and is centrally located near Interstate 90, providing easy access to downtown Spokane. With the opening of Sleep Inn and the ongoing success of Eritage Resort, ALC continues to expand their footprint in Washington.
“Our work with Sleep Inn has given us the chance to help create permanent American jobs and stimulate economic growth in Spokane,” said John Shen, ALC’s Chief Executive Officer. “We are so excited to see what foreign investment in small enterprises like this one will do to help invigorate the area with increased tourism and industries.”
ALC’s predominant focus on placing EB-5 investments exclusively in the senior loan structure has created the best capital protection for investors throughout the EB-5 process. Its rigorous construction management system led by highly successful third parties, in coordination with the senior loan operation, has driven the consistent success of its investments. As a result, ALC has successfully provided over 350 million dollars to American ventures while achieving a 100 percent construction success rate, and has created over 10,000 full-time jobs throughout the US.
“We have been looking forward to the day Sleep Inn opens its doors to the public for a while,” said Kevin Hoyle, founding partner of HoyleCohen and a representative of the property. “We are so appreciative of the financial support that ALC has provided us through their investments.”