Embed Size (px)
Citation preview
AA LL
GET YOUR GREEN CARD
WWW.LDCSERC.COM
EB-5 Capital Raise: $11,000,000
WWW.CURC.COM
www.CURC.com
Times Square in only 10 minutes away!Manhattan, NY
Hotel Site
Times Square
LOCATION: 1706 Paterson Plank Road, North Bergen, New Jersey.Has road frontage on heavily traveled Paterson Plank Road. The site is located less than a mile from 1-95 (a 7 minute (2.7 miles) drive to Lincoln Tunnel). The site's proximity to Manhattan and ease of access to major highways makes it extremely desirable for hotel usage. It is also very near to Tonnelle Plaza Shopping Center and the Newport Mall. DEMAND DRIVERS: The 1-95 corridor is constantly travelled very heavily. The site is located in close proximity to mid-town Manhattan, only a short 10-minute car ride away. It is easily accessible from Teterboro Airports and other major businesses in New York and New Jersey. Considering its close proximity to New York, it will easily serve the needs of budget business and leisure travelers who do not want to pay the high prices of hotel rooms in New York City. Private services to NYC are also available. The developers plan to own a shuttle service which would include pick-up and drop-off at the airport for the convenience of their guests. The diverse mix of manufacturing, distribution, and retail businesses in the region creates a strong demand for hotel rooms. Major employers in the area are GE, Great Atlantic & Pacific Vitamin Shoppe, Hudson News, and National Retail Systems among many others.
in EB-5 Capital, secured by:
22
Spectrum Capital North Bergen, LLC Bhupinder Kumar & Suman Lata: Spectrum Capital is a part of the
Spectrum Group of companies that was founded by the husband & wife team of Bhupinder Kumar and Suman Lata.
It is a privately owned and family operated company. Having a background in developing and owning hotels in India,
the duo decided to enter the US Hotel Market and acquired their first site in North Bergen, NJ, a market with very high
barriers to entry. Bhupinder Kumar graduated from Chandigarh University, India, with a Master's degree in Pharmacy
in 1980. He then went on to start his own pharmacy.
His wife, Suman Lata, graduated Ludhiana University, India with a Master's in Business Administration in 1975. With
a desire to achieve greater success, Bhupinder sold his pharmacy and moved to the US with his family. In 1990 he
started a retail perfume outlet in New York City and in a short time obtained the distribution rights for YSL for the US
Market. Over the course of 25 years, Suman Lata and he worked to build and develop their perfume business,
Spectrum NJ LLC. Over the past years, with the astute management and business skills of Mr. Kumar and Mrs. Lata,
Spectrum NJ has become a major distributor of various brands like Gucci, YSL, Coty, etc. for the US market. Mr.
Kumar focuses on the overall development of the business while Mrs. Lata manages the financial operations ensuring
cost controls and overall profit ability.
In 2010, they expanded the operations. They saw tremendous opportunities in a developing India. They started a
development company that would undertake residential and commercial projects. Within a short span of time, they
completed several developments. Under Spectrum Inn & Motels, they developed, owned, and operated hotels and
resort properties including the first several 4-star hotels in Northern India. Currently, they own and operate two
properties - Zurich Resorts in Shimla, India and The Gaur in Chandigarh, India. Both are operated by the Gaur family.
Zurich Resorts is on a 6-acre property that sits on the edge of a cliff with magnificent views of one of the most popular
summer vacation destination in India. It consists of 75 cottages ranging from 350 sf to 550 sf and a 300-seat banquet
hall and 3-acres of gorgeously landscaped land which is used for outdoor events.
The Gaur is a 45 - room boutique hotel with an upscale 100-seat restaurant and a 225 - seat banquet hall The guests
enjoy the unique Indian hospitality. Besides this, under SDR Infrastructure, a full – service commercial and residential
investment and development company they completed development of 2 industrial parks totaling 200,000 sf and 3
residential projects in Chandigarh, Golden Towers I, II & III, totaling 330,000 sf living space spread over 130 units.
Both, Mr. Kumar and Mrs. Lata are very comfortable with land development and with their astute business sense and
project management skills they are capable of completing this development of Wyndham Gardens, North Bergen, NJ.
Shah Deen: Mr. Deen, graduated the University of West Indies, Trinidad, majoring in Business Management, in 1983. He further
completed his degree in Hospitality Management from Fairleigh Dickinson University, New Jersey in 1993 to enhance
his career in the hospitality industry. His career has seen meteoric growth from a Night Auditor to General Manger at the
Best Western - Robert Treat Hotel, Newark, NJ; a 169 - room hotel with over 22,000 sf of banquet facility and a
restaurant.
Mr. Deen joined Spectrum in December, 2014 as a part of the development team and will be in charge of the operations.
He brings with him 25+ years of hotel management experience.
Capital United Regional Center, LLC
www.CURC.com
LD Capital Bridge To USACapital United Regional Center, LLC
2660 Holcomb Bridge Road Ste 206, Alpharetta GA 30022Telephone: (770) 272-2232 Fax: (770) 272-2793
E-mail: [email protected]
