JW Marriott Mammoth Resort & Spa
A 194-room JW Marriott-branded luxury hotel in Mammoth Lakes' North Village – a $222M development financed through a five-instrument capital stack and underwritten under a rural EB-5 set-aside.
Capital, complexity, conviction.
The JW Marriott Mammoth Resort & Spa is a 194-room JW Marriott-branded luxury hotel in Mammoth Lakes' North Village. Total project capitalization is $221.99M, structured across five instruments: a $96M EB-5 loan, $32M of EB-5 preferred equity, $66.75M of CPACE financing, $6M from Marriott International, and $21.24M of developer equity.
The offering is filed under Form I-956F inside the EB-5 Reform and Integrity Act's rural set-aside, which carries reserved visa availability and premium USCIS processing. The hotel is underwritten to 1,688+ jobs, with a construction completion guaranty and EB-5 repayment guaranty coverage built into the structure.
Construction is executed by New Course Builders as the in-house general contractor – the integration that lets Capital underwrite construction risk and Insurance underwrite project risk from the same operational dataset, with cost discipline maintained inside the enterprise.
The Resort & Spa anchors the North Village resort with a 194-room JW Marriott hotel, sized to the year-round ski-and-summer travel demand of the Mammoth Lakes market and expected to deliver in 2029.
- I-956F filed
- Rare luxury brand from Marriott International
- Senior loan (first-lien position) and preferred equity
- Rural EB-5 set-aside
- Construction completion guaranty included
- EB-5 repayment guaranty coverage
- 1,688+ job creation
Capital structure
- EB-5 loan
- $96,000,000
- EB-5 preferred equity
- $32,000,000
- CPACE financing
- $66,750,000
- Marriott International
- $6,000,000
- Developer equity
- $21,237,221
- Total project capitalization
- $221,987,221
Investment terms
- Offering type
- Senior loan (first-lien)
- ROI
- Contact us
- Term
- 3 years
- Unsecured loans
- Up to $400,000
- Deposit schedule
- Up to 12 months · $100,000 minimum down
- SDIRA
- Accepted
EB-5 data
- I-956F
- Filed
- Set-aside
- Rural
- Hotel rooms
- 194
- Job allocation
- First-in, first-out
- Repayment guaranty
- Yes
Located in Mammoth's desirable North Village – a year-round destination resort village just steps from the lift base, with sustained branded-hospitality demand across both the winter ski season and the summer Sierra travel season.
Speak with the EB-5 team.
Book a confidential consultation to walk through the project's structure, USCIS status, and capital path.
Other projects.
Pre-Construction Scholars Vista
Student-housing project adjacent to UC Merced in the University Vista community.
Explore
100% Complete Merced Station
270-unit, 945-bed student-housing development with 6,600 sq. ft. of retail next to UC Merced. Fully subscribed I-956F approved High-Unemployment project.
ExploreLet's explore what's possible.
Whether you are a prospective LP, joint venture partner, or financing source, we welcome the conversation. New Course's team engages directly with qualified counterparties.
Investor Inquiries