Hidden Hills Vistas

The accommodations will cover a wide range, from 2-bedroom to 8-bedroom units, with an emphasis on providing 4-bedroom or larger cabins. Cabin sizes vary between 1,000 and 6,400 square feet. Each cabin will offer amenities such as private pools, hot tubs, game/media rooms, and at least two private parking spaces, along with modern conveniences like contactless mobile check-in.

Large picture windows and vaulted ceilings enhance the breathtaking views. The interior design will be simple and modern, featuring earth tones and natural light. Amenities include fireplaces, high-end countertops and appliances and a combination of wood and ceramic flooring. Outside, the cabins will have hot tubs and multiple decks. Select larger units will offer private swimming pools, fitness centers, theater rooms, outdoor kitchens, and game rooms with pool tables.

The Project will enhance the guest experience with additional amenities. A scenic hiking trail winds throughout the entire property. 2 Heated Outdoor Pools will be accessible to all guests. Close to the cabins, there will be a 12,000-square-foot retail facility, which includes a restaurant operated by the JCE, and spaces for retail leasing. Prospective tenants being considered include a virtual TopGolf Swing Suite for a thrilling interactive golf experience.

Hotels benefit from rising domestic and international tourism, especially after lifting pandemic restrictions which boosted revenues significantly. Boutique hotels are growing faster due to their unique offerings. The Great Smoky Mountains National Park, the most visited in the U.S. with 13.3 million visitors in 2023, saw a 42% increase in visitation over the last decade. Communities within a 60-mile radius of the park saw a 61.5% jump in tourist spending from 2021 to 2022, with nearly $1 billion of the $2.1 billion spent on lodging. Gatlinburg, close to the park, is ideally situated to cater to the demand for luxury mountain resort experiences.

Located at 1625 Hidden Hills Road, Gatlinburg, Tennessee, the Project is on a 37-acre site with direct access via US Highway 321 and Hidden Hills Road, about 40 miles from the Knoxville airport. Despite its small population, Gatlinburg is the third most-listed city in the state, thanks to its proximity to Great Smoky Mountains National Park, which recorded 17.7 million visitors in 2023. Additional nearby attractions include Downtown Gatlinburg, Rocky Top Sports World, Pigeon Forge, Dollywood, Ripley’s Aquarium, and the Gatlinburg SkyLift.

The Project expects to create 1,141 jobs for 90 investors resulting in a job cushion of 27%.** The EB-5 program requires that 10% of the jobs, or 90 in this case, must be from direct impacts; the Project expects to create 614 direct jobs. ** Fundamental data and forecast supplied by management of the Company. Such projections may not be realized. Job-creation data source: Information provided by EB5 Marketplace.

The Project aims to raise up to $72 million from 90 EB-5 investors. Initially, $14.5 million of EB-5 capital will repay senior bridge loans from Citizens National Bank; after this event, the EB-5 capital holds senior repayment position. This investment starts as preferred equity and converts to a loan once it reaches $14.5 million. Current project equity is over $18 million. The owner may offer further financial support if necessary. If the entire $72 million is not raised, the JCE may sell some assets to continue development.

Revenue streams for the Project are expected to arise from three primary sources: room rentals, retail space leasing, and restaurant operations. Detailed financial projections for each of these components are presented in the images below, in addition to the combined pro forma of all segments.

Excluding initial site work, the entire construction process is anticipated to span approximately 55 months. Site preparation began in the fourth quarter of 2021, marking the start of the Project's physical development. Approval for the construction of the first 10 units has been secured, indicating progress in line with the planned timeline and milestones for the Project. For the first 10 units, they have secured the required entitlements, and building permits. Vertical construction on these units initiated in the second quarter of 2023. These units are expected to be ready for rent by the fourth quarter of 2024. The Project is projected to reach completion by the summer of 2027.