This is the company’s fourth hotel to receive I-956F approval / USCIS approves EB-5 investment in Peachtree’s Scoundrel

PEACHTREE GROUP RECEIVED I-956F approval from U.S. Citizenship and Immigration Services for EB-5 investment in The Scoundrel, a Tribute Portfolio by Marriott hotel under construction in Gatlinburg, Tennessee. The 133-room hotel is scheduled for completion in mid-2027.

The EB-5 program promotes U.S. economic growth and job creation, the company said in a statement.

“Receiving USCIS approval for The Scoundrel is a key milestone for our EB-5 platform,” said Adam Greene, Peachtree’s executive vice president for EB-5. “It reflects our commitment to structuring investments that create economic impact, support job growth and deliver value for our investors and the communities we serve.”

Peachtree engaged an independent third party to conduct a jobs study, which found the development is expected to create 842 EB-5–eligible jobs—1.68 times the 500 required under the estimated investment—highlighting the project’s economic impact on the region, the statement said.

Greg Friedman, Peachtree’s managing principal and CEO, said the company’s participation in the EB-5 program reflects its commitment to initiatives that generate momentum across its lending platform.

Source: asian hospitality