ATLANTIC AMERICAN FORTUNE FUND II
Atlantic American Fortune Fund II raised $37,500,000 from 75 EB-5 investors, creating a diversified portfolio of four assets, including two major chain hotels supporting the Ft. Lauderdale International Airport and two multifamily apartment communities – one in the Tampa Bay area and one in downtown Orlando.
Wyndham Garden Ft. Lauderdale Airport
Fortune Fund II made a $5,500,000 equity investment in Wyndham Garden Ft. Lauderdale Airport & Cruise Port, a 142-room limited service hotel to be located in Dania Beach, Florida. The project intends to capitalize on the 25 million annual passengers that travel through the Ft. Lauderdale-Hollywood International Airport, which is less than one mile away. In addition, Port Everglades – one of the top three cruise ship ports in the world – is less than two miles away.
TRU by Hilton Ft. Lauderdale Airport
Fortune Fund II made a $5,500,000 investment in the TRU by Hilton Ft. Lauderdale Airport, a 115-room hotel to be located in Dania Beach, Florida.
The Project is located on Federal Highway and is less than a mile from the Fort Lauderdale – Hollywood International Airport and two miles from Port Everglades.
Major demand drivers for the Project are the expansions of both the airport and the port. A $2.4 billion airport expansion is currently underway, and as a result the airport is expected to handle 35 million passengers annually by 2020. The port expansion is ongoing and is projected to bring an additional 7,000 new jobs to the area over the next 15 years.
