All necessary EB-5 jobs have been created for EB-5 investors in both phases, with over 1,000 jobs created in Hyatt Tommie Phase I and over 300 jobs created in Hyatt Tommie Phase II – Citizen News. Though there is no denying the negative effects of the pandemic on the hotel and F&B industries, Tommie was among those more fortunate projects that was still under construction during the worst of the pandemic. Hotel industry forecasts estimate business picking back up by the time Tommie opens in mid-2021. While it may be a bit of a rocky start, there is now a clear path to recovery with the roll out of the vaccine. At the time of the writing of this article, over 9 million Americans have already been vaccinated. Since all requisite jobs have already been created, there is no risk to the EB-5 green card status of the EB-5 investors in the project, and the operational risk should be well mitigated as the economy recovers during the second half of 2021. 

In Q4 2020, construction on the Tommie Hotel progressed smoothly, with the onsite team completing substantial window install, roof dry in, and guest room drywall. We anticipate to complete construction and begin hotel operations by the second quarter of 2021. We expect the hotel to reach stabilization by the end of 2021.

Although for the majority of Q2 and Q3 California issued a mandatory stay-at-home restriction to help combat the pandemic. Luckily, the construction team – deemed essential by the California State- was able to continue work on our Citizen News construction site. Within the months of April-June, the team was able to complete structural demolition and abatement.

Please scroll through the photos below to view the most recent progress on Tommie Phases I & II: