Avid & Candlewood Suites Hotel
Kernersville, North Carolina — Fully Subscribed — In Construction
Project Overview
This project is a 90-key, four-story, 45,595-square-foot dual-brand IHG hotel comprising 45 Avid Hotels rooms and 45 Candlewood Suites rooms, located at 1740 Pecan Lane in Kernersville, North Carolina, near I-40 Exit 201.
The project qualifies as a High-Unemployment Targeted Employment Area (TEA) — it is not a rural project. The offering is fully subscribed and closed to new EB-5 investment.
USCIS has approved Form I-956F for this project's commercial enterprise. That approval confirms USCIS's review of the project's EB-5 structure for this filing — it is not a government endorsement of the investment's financial merits and does not guarantee approval of any individual investor's Form I-526E petition.
| Property type | 90-key dual-brand IHG hotel |
|---|---|
| Size | 45,595 sq. ft., four stories |
| Brands | 45 Avid Hotels rooms + 45 Candlewood Suites rooms |
| TEA classification | High-Unemployment TEA (not rural) |
| Form I-956F | Approved |
| EB-5 loan | $8.8M |
| Projected qualifying jobs | 198 |
| Projected jobs per investor | ~18 |
Location & TEA Classification
1740 Pecan Lane, Kernersville, NC — near I-40 Exit 201 — classified as a High-Unemployment TEA.
Construction Status
Investment Snapshot
Job Creation
- Required qualifying jobs per investor: 10
- Total projected qualifying jobs: 198
- ~18 projected qualifying jobs per investor
Projected job creation provides a cushion above the regulatory minimum of 10 qualifying jobs per investor; projected figures are estimates and are not guaranteed.
Material Risks
- This is a High-Unemployment TEA project, not a rural TEA project — it does not draw from the rural visa set-aside category.
- Construction, cost-overrun, financing, and job-creation risks apply, as described in the offering documents.
- Form I-956F approval is not an endorsement of the investment and does not guarantee any investor's I-526E approval.
This is not an exhaustive risk disclosure. Read Understanding EB-5 Risks and the project's offering documents before making any investment decision.
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Detailed Offering Information
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This website is for informational purposes only and does not constitute an offer to sell securities. Any investment opportunity will be presented solely through official offering documents.