Transforming a Landmark
into a Premier Upstate New York Resort

Rural TEA project offering $800K minimum investment, priority processing, and a strong job cushion for EB-5 investors.

Villa Roma combines Rural eligibility with a defined development plan and a clear timeline.
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Fay Villa Roma Phase 1 Development LP (New Commercial Enterprise (NCE), Delaware Company ID: 10317518)C
Sponsored by EB5 United Northeast Regional Center, LLC (Regional Center ID: RC2400009132)

Regional Center Form I-956: Approved
Project Form I-956F: Filed on February 3, 2026

Why Villa Roma EB-5?

A Rural TEA hospitality redevelopment designed with a strong job cushion, institutional partners, and clear construction visibility.

Rural TEA
$800K Investment. Qualifies under rural TEA rules.
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Job Creation
779 Jobs. 139 excess jobs ensuring compliance safety.
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Timeline
25 Months. Clearly defined build plan.
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Vision Board – Villa Roma Reimagined

Discover the Project Vision Board—an at-a-glance look at how Villa Roma is planned to be revitalized through elevated guest rooms, reimagined conference and meeting spaces, and enhanced recreational amenities across the resort’s 434-acre campus in the Catskills. Villa Roma is an EB-5 Rural TEA project under the EB-5 Immigrant Investor Program; any potential eligibility for EB-5 visa classification and U.S. lawful permanent residence (a “green card”) is subject to investor eligibility, satisfaction of all applicable program requirements, and USCIS adjudication.

What The Villa Roma EB-5 Project Delivers

A comprehensive redevelopment of the 434-acre Villa Roma Resort into a modern, all-season Upstate New York destination in Callicoon, Sullivan County, New York (Catskills Region)—designed to support EB-5 job creation and investors evaluating a U.S. residency by investment (EB-5) strategy, subject to applicable requirements and approvals

  • 139 hotel rooms + 232 serviced apartments, redesigned and renovated for extended stays and group business
  • New-build conference center to attract corporate, association, and group business demand year-round
  • Upgraded food & beverage (F&B) facilities, including new restaurants, bars, and event catering capabilities
  • Enhanced recreational spaces including ski runs, adventure activities, and all-season amenities
  • New-build employee housing to support increased staffing and operational stability, and a new 15,000+ sq. ft. conference center to support increased corporate and event demand 
The Project includes a targeted $52.1M Property Improvement Plan (PIP) aimed at repositioning Villa Roma as a leading regional resort and supporting documentation commonly used in connection with EB-5 visa offerings.
$52.1M PIP Commitment
Focused on rooms, serviced apartments, conference facilities, amenities, and infrastructure upgrades across the resort campus.
  • 434-acre resort in the Catskills / Upstate New York region
  • Existing operating resort with established leisure and group demand
  • Rural TEA designation supports the $800,000 EB-5 minimum investment amount under current EB-5 regulations (subject to change)
  • Preliminary construction phasing aligns with an estimated 25-month build timeline

Why The Villa Roma EB-5 Project Is Attractive

The Villa Roma Project is a Rural TEA EB-5 opportunity under the EB-5 Immigrant Investor Program, structured at the $800,000 minimum investment amount per investor (under current EB-5 regulations). The Project is designed to support EB-5 job creation, including a projected investor job cushion based on the independent economist’s economic impact analysis. The offering targets a hold period and potential exit sources that may include operating cash flow, refinancing, and/or sale, as further described in the offering documents and subject to market conditions and applicable requirements.

Rural TEA Advantage

Villa Roma is located in a Rural Targeted Employment Area (TEA), which is being used to structure the offering at the $800,000 EB-5 minimum investment amount (compared with $1,050,000 for non-TEA projects under current EB-5 regulations). Certain Rural TEA petitions may also be eligible for priority processing where available and as determined by USCIS, subject to applicable requirements and procedures.

Favorable Rural Visa Dynamics

Rural TEA visas are currently treated as a reserved visa category under EB-5 rules. In addition, Rural TEA petitions may be eligible for priority processing where available and as determined by USCIS. As a result, Rural TEA EB-5 projects may offer the potential for faster overall processing dynamics than some non-TEA EB-5 projects, depending on visa availability and demand, USCIS policy and workload, and an investor’s individual circumstances.

For the most current information, investors should review USCIS’ posted processing time information (where applicable) and the U.S. Department of State Visa Bulletin, and consult qualified immigration counsel.

Job Creation and Exit Pathway Summary


Generous Job Creation Cushion

Each $800,000 EB-5 investment must be credited with at least 10 qualifying U.S. jobs. Based on the Project’s scope and budget, the independent economist estimates total job creation of approximately 777 jobs—approximately 12.14 jobs per investor (based on 64 investors)—providing an estimated cushion of 21.4% above the EB-5 program requirement (as further described on the Job Creation page and in the economic impact analysis).

Exit Pathway Summary

  • EB-5 investors make an equity investment in the New Commercial Enterprise (“NCE”). The NCE, in turn, invests in the Job-Creating Entity (“JCE”) as preferred equity to fund construction, renovations, and other improvements at Villa Roma Resort.
  • The Project targets a five (5) year hold period following the full deployment of EB-5 capital, with the potential for up to one (1) additional year depending on EB-5 compliance requirements, timing considerations, and prevailing market conditions (the “Target Exit Window”).
  • The JCE is expected to redeem the NCE’s preferred equity using available funds from one or more sources, which may include operating cash flow, refinancing, and/or a sale of part or all the Project or its assets.
  • The NCE expects—but does not guarantee—to return investors’ capital based on the amount and timing of distributions received from the JCE, subject to applicable EB-5 requirements and market conditions.
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Villa Roma Resort Facade
This form is for informational and introductory purposes only and does not constitute an offer or solicitation to sell securities.

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