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Government and Industry Leaders Celebrated Northlake Courtyard & Residence Inn Opening

On Thursday, June 14, 2018, the Northlake Courtyard and Residence Inn
hosted government and industry leaders in the Charlotte area to
celebrate the hotel’s official opening with a welcome event to showcase
the property. Reception attendees included city officials, council
members, business representatives and additional leaders in the
community.

The Northlake Courtyard & Residence Inn has brought critical
international investment into the area, supporting more than 600 new
jobs and increasing the region’s future tourism revenue. The project
came to fruition through key partnerships with Live Oak Bank,
CapitalNexus, and American Lending Center (ALC), a leading EB-5 regional
center, and will generate significant local economic impact in the
region. In 2016, the hotel received the largest approved Small Business
Administration loan in the state.

Community leaders were on hand to show their support for the project,
including representatives from Charlotte Chamber of Commerce and the
office of Senator Thom Tillis. “The Northlake Courtyard & Residence Inn
will bring good-paying jobs and generate economic growth to the North
Charlotte Region,” said Senator Tillis. “I want to thank Marriott and
the American Lending Center for investing in this important project that
will benefit North Carolinians for decades to come.”

“This new hotel will provide a boon to local businesses, tourists, and
residents.” added Bob Morgan, Charlotte Chamber CEO and President.
“Investment in Charlotte benefits all of us from restaurants to large
and small enterprises and everyone in between. We recognize that
financial support from our private partners was critical to the
development of a project that will help to strengthen the city’s
economic base.”

With 188 rooms and standard-setting custom décor throughout, the hotel
will offer a significant entrance into the local hospitality market and
welcome new tourists and conferences into the area. In addition, the
Northlake Courtyard and Residence Inn is leading the way in socially and
environmentally conscious hospitality as an eco-friendly property:
rooftop solar panels will generate a full ten percent of the total
energy consumption.

“ALC is proud to partner with impactful American companies to bring
investment to local communities,” said Bruce Thompson, ALC President and
former Region IX Administrator for the U.S. Small Business
Administration. “Projects like the Northlake Courtyard and Residence Inn
that bring good paying jobs and foster regional economic growth show the
importance of private partnerships and the benefits of foreign direct
investment in the United States.”

About American Lending Center

American Lending Center (ALC) is a U.S. Citizenship & Immigration
Service designated regional center held by Regional Centers Holding
Group. ALC offers investment opportunities to immigrant investors who
are interested in obtaining permanent resident status in the United
States through the employment-based fifth preference visa (EB-5)
program. ALC has completed funding projects in 16 states, and is
committed to investment in deserving businesses anywhere, including
those in rural and other underserved areas.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005473/en/