Offering Details
-
Location
FL -
Target AUM
$18.2M -
Target Exit
2029 -
Offering Size
$5.6M -
Minimum Investment
$800,000
Offering Overview
Ignite is pleased to present Encore Florida RC Tampa WSS, LP, an EB-5 Investment Partnership sponsored by Encore Hospitality and Prime Hospitality Management and Investment Group. The Partnership aims to develop a 122-key WoodSpring Suites economy extended-stay hotel in Tampa, Florida in compliance with the investment criteria set forth by the United States Citizenship and Immigration Services (USCIS) for the EB-5 visa program.
Encore Hospitality
Hospitality investments include hotels and lodging properties that serve business and leisure travelers through short-term stays and guest services. Performance is influenced by location, demand trends, and active management, and may fluctuate with broader economic and travel cycles.
-
$306M
Total Capitalization
-
42%
Net IRR on all Realized Investments
-
3.0x
Net MOIC on all Realized Investments
-
43
Realized Transactions
-
Extended-Stay Hospitality
Asset TypeExtended-stay hospitality properties are designed for longer-term guest accommodations and typically include in-room kitchen facilities and flexible layouts. Demand is often driven by necessity-based accommodations, corporate travel, relocations, and project-based stays.
-
Opportunistic
Investment StrategyOpportunistic strategies focus on assets requiring ground-up development, significant redevelopment, repositioning, or restructuring. These investments generally involve higher levels of risk and are more sensitive to execution, timing, and market conditions.
-
Regulation D
Investment TypeRegulation D offerings give accredited investors access to private investments not available on public exchanges. These opportunities can provide diversification and attractive return potential, though they may involve higher risk and reduced liquidity compared to traditional publicly traded investments.
Why Invest?
-
Need-based Accommodations
Typical guests include workers on longer-term assignments such as consultants, construction crews, and traveling medical professionals as well as medical travelers, residents in between living arrangements, and budget conscious travelers.
-
Potential for Stable Cash Output
The Portfolio is positioned to benefit from consistent cash distributions as WoodSpring Suites hotels have historically stabilized within six to twelve months, following a compressed construction period.
-
Low Cost to Build and Operate
Woodspring Suites’ efficient development model employs a pre-established architectural plan to facilitate a fifteen-month construction timeline on an estimated $18.2 million budget. Minimal interior furnishings, limited amenities, and a bi-weekly cleaning schedule enable the hotels to operate with a light staffing model, contributing to low operational overhead.
-
Strong Investment Activity Favoring Institutional Exits
Among similar transactions within the extended stay segment, Starwood Capital and Blackstone recently acquired 11 WoodSpring Suites hotels for $1.5 billion, reflecting strong appetite for portfolio acquisitions from institutional buyers in this $16 billion segment.
For a Deeper Dive, Download Our Product Brochure
Milestones
-
Land Acquisition
The Partnership acquired the land for a site in Tampa, FL, in August 2022.
-
Construction Start
Groundbreaking on the Tampa development began in January 2025.
Locations
As of June 2025, unless otherwise noted. Past performance is not indicative of future performance. The information contained in this document is for informational purposes only and is not an offer to sell or a solicitation of any offer to buy any securities. Securities will only be offered through confidential offering materials delivered to suitable, accredited investors and will be offered and sold pursuant to an exemption from registration under the Securities Act only to persons who are accredited investors within Rule 501(a) promulgated under the Securities Act. Private security transactions involve a high degree of risk and are not suitable for all investors. Securities transactions conducted through Umergence, LLC. Member FINRA and SIPC.
Ready to Explore Private Markets?
Let’s connect for a real conversation—no pressure, just straightforward insights on investment opportunities outside of traditional public markets.
