American YiYo Regional Center (YiYo RC) has already identified the initial projects to which it will lend. Targeted
projects include 5 limited service franchise hotels and one full menu franchise
restaurant. The Company will group these projects into two phases.
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The first phase is the McDonough Plaza which includes:
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- Wild Wing Café at 36 Mill Road in McDonough, Georgia
- La Quinta Inn & Suites, 100 Mill Road, McDonough, Georgia
- Home2Suites, 60 Mill Road, McDonough, Georgia
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The second phase will include:
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- Home2Suites, Land Lot 885th District, Watson Blvd. Warner Robbins, GA
- Holiday Inn, 7840 Stone Crest Square, Lithonia, GA
- Hyatt Summerfield Suites, 7402 North Lake Loop, Columbus GA
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The first project, McDonough Hospitality Plaza, LLC, is located in McDonough, Georgia
(Henry County). In the past ten years, Henry County’s population has more than doubled;
according to the U.S. Census Bureau, the number of people residing in the county
has grown by nearly 71%. The developments funded by YiYo will provide ample employment
opportunities in two rapidly growing industries. The Hotel and Motel industry generated
$121 billion in revenue in 2011; by 2016, this industry’s revenue will exceed $140
billion. Similarly, the $53 billion Chain Restaurant industry will grow at a rate
of a CAGR 3.9% between 2011 and 2016. YiYo will create hundreds of employment opportunities
in Henry County through its launch of the Wild Wing Café, La Quinta Inn & Suites,
and Home2Suites.
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All of these projects are “shovel ready” pending funding. A recent enhancement to
the processing of EB-5 applicants prioritizes projects that are ready for construction.
A majority of regional centers in the United States are unable to provide projects
that will be ready to launch immediately following launch of EB-5 projects. Backed
by years of experience in lending and investing in small businesses, YiYo has performed
the necessary due diligence to launch all six projects composed of three distinct
EB5 project opportunities in high growth industries. The construction time frame
for each project is likely to be about a year after funding. The plan is to break
ground in August 2012 and open in the summer of 2013.
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YiYo Regional Center will finance each project up to 65% with EB-5 applicants’ capital. 15-20% will
come from government sponsored financing, such as SBA. The remaining capital required
for each project will come from equity financing.