Peachtree Group Receives EB-5 Visa Approval for Sugar Mountain Hotel

The Atlanta-based real estate firm secured funding for a new Homewood Suites by Hilton through the federal EB-5 immigrant investor program.

Apr. 2, 2026 at 3:48pm

Got story updates? Submit your updates here. ›

Peachtree Group, an Atlanta-based real estate investment and development firm, has received approval from U.S. Citizenship and Immigration Services (USCIS) for its EB-5 visa regional center to fund the construction of a new Homewood Suites by Hilton hotel in Sugar Mountain, North Carolina.

Why it matters

The EB-5 visa program allows foreign investors to obtain U.S. permanent residency by investing at least $500,000 in a new commercial enterprise that creates at least 10 full-time jobs. This approval allows Peachtree Group to tap into foreign capital to finance the hotel project, which will bring new jobs and economic activity to the Sugar Mountain area.

The details

Peachtree Group's EB-5 regional center will oversee the fundraising and investment process for the Homewood Suites hotel development. The 120-room hotel is expected to create approximately 75 new jobs in the local community once completed.

  • Peachtree Group received EB-5 visa approval from USCIS on April 2, 2026.
  • Construction on the new Homewood Suites by Hilton hotel in Sugar Mountain is expected to begin in the third quarter of 2026.

The players

Peachtree Group

An Atlanta-based real estate investment and development firm that specializes in hospitality, multifamily, and mixed-use projects.

Homewood Suites by Hilton

An extended-stay hotel brand owned by Hilton Worldwide that offers suites with separate living and sleeping areas, as well as fully equipped kitchens.

Got photos? Submit your photos here. ›

What they’re saying

“We are thrilled to receive USCIS approval for our EB-5 regional center, which will allow us to leverage foreign investment to bring this new Homewood Suites hotel to Sugar Mountain. This project will create jobs and economic opportunity in the local community.”

— Greg Friedman, CEO, Peachtree Group

What’s next

Peachtree Group plans to begin construction on the new Homewood Suites hotel in Sugar Mountain in the third quarter of 2026, with an expected opening in 2027.

The takeaway

The EB-5 visa program continues to be a valuable tool for real estate developers like Peachtree Group to access foreign capital and finance projects that create American jobs, especially in areas like Sugar Mountain that are seeking new economic growth and investment.