Peachtree receives EB-5 approval for Homewood Suites in North Carolina

 Peachtree Group has received I-956F approval from U.S. Citizenship and Immigration Services (USCIS) for the development of a 116-room Homewood Suites by Hilton in Sugar Mountain, NC. The company originated the $28 million senior secured construction loan to fund the project through its EB-5 investment platform. The project represents Peachtree’s sixth EB-5 financing, bringing the platform’s total capitalization to more than $177 million.

The development qualifies as both a Rural and High Unemployment Targeted Employment Area, supporting EB-5 capital formation through a lower investment threshold and is expected to generate approximately 538 eligible EB-5 jobs.

“We are pleased that USCIS gave the project a fast approval in under four months,” said Adam Greene, EVP, EB-5 at Peachtree. “Peachtree’s EB-5 projects are small, simple, secured senior loans that best serve developers and EB-5 investors. Peachtree’s approach to EB-5 allows investors to move forward with projects that are fundamentally sound and underway, promote the public policy goals of the EB-5 program and give developers certainty that their projects are fully funded.”

Located at the base of Sugar Mountain, the hotel is positioned to capture demand from a wide range of year-round leisure and institutional drivers. These include Sugar Mountain Ski Resort, located one mile away, Lees-McRae College, Beech Mountain Ski Resort, Grandfather Mountain State Park and Appalachian State University. The surrounding area also features a year-round calendar of events and festivals that generate ongoing demand.

“Hospitality continues to stand out as a sector where new supply remains limited relative to demand, particularly in high-barrier-to-entry leisure markets,” Greene added. “As capital markets reset and financing becomes more selective, we are focused on opportunities where we can structure capital solutions that not only meet today’s constraints but also position assets for long-term outperformance.”

Upon completion, the Homewood Suites is expected to be the newest hotel in its competitive set, with most existing properties in the market being older or located farther from key demand drivers. The hotel will feature a modern, extended-stay offering designed to appeal to both leisure and business travelers seeking proximity to outdoor recreation and regional attractions.

Peachtree launched its EB-5 program in 2023 as a strategic financing tool to support job-creating developments across the U.S. and continues to expand its platform as demand for alternative capital solutions grows.

Tags: Adam Greene,  Peachtree Group Homewood Suites by Hilton