Resort communities are becoming one of the more attractive real estate opportunities for U.S. developers, supported by both demographic demand and broader capital market trends. According to CBRE’s 2025 U.S. Hotel Investor Intentions Survey, nearly all major investors plan to maintain or expand their allocations in hospitality, with particular focus on resort and leisure markets. This signals that developers who can bring forward new resort communities are meeting a demand already recognized at the institutional level. At the same time, high construction costs and limited land availability have constrained new supply, making successful projects more valuable and defensible once delivered.
The U.S. consumer base also continues to lean into experiences and lifestyle-driven living, a trend that favors resort-style communities. Research from JLL in early 2025 highlighted that leisure travel spending remains above pre-pandemic levels, while second-home demand in destination markets has shown resilience even as interest rates rise.
For developers, this means that projects with both residential and resort components can capture multiple revenue streams—from home sales and rentals to hospitality operations—while aligning with long-term household preferences for space, amenities, and community.
Resort communities also offer developers diversification benefits compared with more traditional multifamily or urban projects. As PwC and the Urban Land Institute noted in their Emerging Trends in Real Estate 2025 report, destination-oriented developments continue to outperform in pricing power and absorption, driven by both domestic buyers and affluent international demand. For developers, this translates into the ability to structure multiple exit strategies—whether through bulk sales, forward purchase agreements, or long-term hold strategies—while tapping into one of the most resilient corners of the housing and hospitality markets.
Recognizing resort communities’ unique position in the U.S. real estate market, EB5AN has recently sponsored multiple successful resort projects, helping developers gain quick access to below-market EB-5 capital.
“In the past few years, we’ve added several upscale resort developments to our portfolio,” explains Sam Silverman, managing partner of EB5AN. “Our developer partners have benefitted significantly from cheap EB-5 capital.”
“While raising EB-5 funds in compliance with USCIS can be challenging,” adds Silverman, “we take care of compliance so resort developers can simply focus on building—all while cutting significant costs off their capital structures.”
EB5AN has recently sponsored the following high-profile resort communities:
- Tamarack Resort (Loan)
- Snake River Sporting Club (Loan)
- Kindred Resort at Keystone (Loan)
- Bay Creek (Loan)
In sponsoring resort EB-5 projects, we have maintained our industry-leading track record. Since 2022, alone, we’ve raised over $800 million for our developer partners, and over 550 of our investors have received I-526E approvals during this period.
Our projects enjoy a 100% USCIS approval rate. Every single one of our EB-5 funds has either been repaid or remains in good standing. And we have created over 28,000 EB-5 jobs across our projects.
“The total development cost of our sponsored projects exceeds $7 billion,” states Mike Schoenfeld, managing partner of EB5AN. “With over 24 projects under our belt, we’ve perfected the process of raising EB-5 funds so developers in any asset class—especially resorts—can quickly and easily access the capital and get their projects completed.”
In the following post, we will examine EB5AN’s record of consistently successful EB-5 projects, including the resort communities we have raised EB-5 capital for.
Why Developers Choose EB5AN For EB-5 Capital
EB5AN’s Resort Projects
- Tamarack Resort (Loan)
- Bay Creek (Senior Loan)
- Snake River Sporting Club (Loan) (Closed for investment)
- Kindred Resort at Keystone (Loan) (Closed for investment)
Work With EB5AN For Your Resort Project
How EB-5 Capital Works
Why Developers Choose EB5AN For EB-5 Capital
Since 2013, EB5AN has built one of the strongest track records in the EB-5 industry, successfully closing and funding more than 30 EB-5 transactions representing over $7 billion in development costs. With 100% approval rates across projects and compliance submissions, we have established ourselves as a trusted partner for developers seeking EB-5 funding. Our executive team combines deep expertise in real estate, securities, tax, and immigration law with hands-on experience from advising Fortune 500 companies and executing multi-billion-dollar capital markets transactions.
We partner with leading developers—including Kolter, one of the largest private real estate firms in the United States—to deliver institutional-quality projects that attract EB-5 investors and quickly raise capital.
- Proven Track Record: We’re one of the very few EB-5 firms that have successfully managed over 30 EB-5 investment funds across 24 developments, creating more than 28,000 jobs with a perfect record of USCIS approvals.
- Market Leadership: Our investors accounted for ~20% of all rural I-526E approvals in 2023 and 2024, making us one of the dominating regional centers in the industry.
- Compliance: We’ve secured 18 I-956F approvals—more than any other regional center—with processing times as fast as 1.6 months versus the 8.5-month industry average. An I-956F approval signals that USCIS has reviewed and accepted a project’s compliance and offering structure, which helps reduce project-level questions on individual investor petitions.
- We handle every element of USCIS compliance (I-956F filings, offering memoranda, economic impact reports, TEA certifications, and more), ensuring each offering is both compliant and marketable.
- Institutional-Quality Partners: We work with top developers like the Kolter Group, which has completed $30B+ in projects, delivered 27,000+ units, and never missed a loan repayment
- Investor Confidence: More than 2,700 families from 70+ countries have chosen EB-5 projects sponsored by EB5AN, with every investor to date meeting the job-creation requirement for I-829 petitions
Kolter—EB5AN Partners With A Top U.S. Developer
EB5AN’s Resort Projects
Tamarack Resort (Loan)
Set in the mountains north of Boise, Idaho, Tamarack Resort is a rare all-seasons destination where skiing, golf, and lake recreation meet in one master-planned community. The resort offers 1,100 acres of ski terrain with 50 runs, a championship 18-hole golf course, and a 200-slip marina on Lake Cascade. Its natural setting has made Tamarack a haven for outdoor enthusiasts and second-home buyers alike. Beyond its outdoor amenities, Tamarack’s village core features dining, retail, and spa offerings that help create a true year-round community.
The resort is being developed by MMG Equity Partners, a seasoned private real estate group with a strong record in lifestyle destinations. MMG’s approach combines hospitality and residential elements to generate long-term value, positioning Tamarack as both a destination resort and an established community. Tamarack’s luxury condominiums have seen robust demand, with most units already sold at prices averaging above $1 million, reflecting the region’s strong appetite for high-end mountain property. With construction creating thousands of qualifying jobs and the resort operating under a secured loan structure, the project balances recreational appeal with financial discipline.
EB-5 financing has supported its continued build-out, reinforcing the project’s reputation as both a premier resort and a strong development play.
Bay Creek (Senior Loan)
On the shores of the Chesapeake Bay in Cape Charles, Virginia, Bay Creek is a coastal master-planned community blending residential living and resort-style vacation rentals with an extensive network of recreational amenities. The 741-acre development offers two award-winning golf courses designed by Arnold Palmer and Jack Nicklaus, two miles of private beaches, and a 350-acre nature preserve ideal for kayaking, fishing, and nature walks. Residents also enjoy a private clubhouse, resort-style pools, and fitness facilities, reinforcing Bay Creek’s reputation as a vibrant coastal lifestyle destination. The community’s location on the Eastern Shore provides the charm of a small seaside town while still offering easy access to Norfolk International Airport just 45 minutes away.
Bay Creek has been carefully managed under the leadership of Bobby Masters, a veteran of large-scale residential communities with nearly 40 years of experience and more than 30,000 homes delivered. The project builds on a history of strong demand, with nearly 300 lots previously sold under prior ownership, and its next phase will deliver 340 additional homesites and 61 new residences. Managed by Troon Privé, one of the world’s leading golf operators, Bay Creek’s golf amenities remain a central draw, complemented by water-based recreation on the Chesapeake Bay. Importantly, the community is being developed in phased segments, allowing for flexibility to adjust to market conditions while maintaining steady growth. EB-5 financing is supporting these next phases of expansion, while the project is projected to create more than 1,300 jobs, well above required levels.
With its combination of coastal charm, resort-level amenities, and experienced leadership, Bay Creek offers a compelling model for sustainable master-planned and resort development.
Snake River Sporting Club (Loan) (Closed for investment)
Just outside Jackson, Wyoming, Snake River Sporting Club combines luxury living with some of the country’s most striking natural surroundings. The 800-acre master-planned community is anchored by an award-winning Tom Weiskopf–designed golf course and offers lodge cabins, residential homes, and ranch estates along the Snake River. Residents and visitors enjoy a lifestyle centered on outdoor recreation, from fly fishing and horseback riding to skiing at nearby Jackson Hole Mountain Resort. The property’s setting places it within reach of both Grand Teton and Yellowstone National Parks, two of America’s most iconic natural preserves, drawing millions of visitors each year.
The project is led by Cygnus Capital, an experienced investment and development firm with a national portfolio spanning thousands of assets across more than 20 states. Cygnus’s team brings both capital discipline and design sensibility to the Sporting Club, with an emphasis on preserving the natural environment while expanding community offerings. At Snake River Sporting Club, this vision has translated into strong demand, with cabins selling at an average price of $3.3 million and buyers offered the option to place their homes in a rental pool, creating both lifestyle and income potential. Significant job creation from construction and operations has already been documented, far exceeding minimum EB-5 thresholds.
With layered financial protections, a proven developer, and a location that blends exclusivity with year-round activity, Snake River Sporting Club exemplifies how luxury resort development can succeed under the EB-5 framework.
Kindred Resort at Keystone (Loan) (Closed for investment)
Located just 55 feet from Keystone’s main ski gondola, Kindred Resort is set to become the premier ski-in, ski-out address in one of Colorado’s most accessible mountain destinations. The development includes a luxury hotel and 95 high-end condominiums, offering residents and guests a rare combination of slope-side convenience and resort amenities. Keystone Resort itself is one of the nation’s most visited ski areas, operated by Vail Resorts, ensuring sustained demand for both hotel rooms and residences. Keystone’s proximity to Denver—less than two hours by car—gives it a unique edge over other mountain resorts, making it a favorite among both weekend travelers and second-home owners.
The developer group behind Kindred brings decades of experience, with over $4 billion of prior residential, hospitality, and resort projects in the United States and Mexico. This team includes Colorado-based developers with extensive knowledge of the mountain market, alongside Interland, a global real estate firm with more than 45 years of experience. Condominium sales have been robust, reflecting the strong underlying demand for prime ski-side residences.
RockResorts, a Vail Resorts subsidiary, will manage the hotel, leveraging its track record from properties such as The Arrabelle at Vail Square and One Ski Hill Place at Breckenridge. Construction is well underway, with more than 740 jobs already created—enough to meet EB-5 requirements for the majority of investors. With presales strong, management secured, and financing structured around investor protections, Kindred Resort is positioned to redefine the Keystone experience.
Work With EB5AN For Your Resort Project
For resort developers, EB5AN is the most reliable partner to raise EB-5 capital. We have sponsored more than $7 billion in projects with a 100% USCIS approval record, including high-profile resorts like Tamarack, Kindred, Snake River, and Bay Creek. Our team manages every compliance requirement so developers can focus on building, while our scale and track record ensure speed, certainty, and investor confidence. With EB5AN, developers gain access to below-market capital and a proven pathway to successfully fund resort communities.
To work with us on your next project, schedule a free consultation with EB5AN.
