HGIM, LP is taking part in the $18,000,000 development of the Hilton Garden Inn in Pascagoula, Mississippi. Thirteen investors have invested $6,500,000 in a project has or will create over 160 jobs. Investors filed petitions between September and November 2013 and we expect a full set of approvals. HGIM is being undertaken in cooperation with a number of local developers, as well as the Mississippi Development Regional Center. For many years, the site was home to the LaFont Inn, a local independent hotel. As tourist tastes changed, it became clear that it would be smart to simply tear down the LaFont Inn and start over with a modern building than attempt to rehabilitate the dated structure. Construction on this project began while EB-5 investment was being raised, and the facility opened in March 2014 and the EB-5 funds, once available, will help put the hotel on solid financial ground.
Local news coverage at: http://www.wlox.com/story/25060762/new-multi-million-dollar-hilton-hotel-opens-in-pascagoula