Civitas Steamboat, LP
An EB-5 Rural TEA Hotel Development in Steamboat Springs, Colorado
1. Job creation estimates are calculated by an independent, third-party econometric consultant using the Regional Dynamics (REDYN) model – a dynamic, computable general equilibrium model used to measure the economic and employment impacts of development projects across regional economies. REDYN is one of the input-output modeling tools recognized by U.S. Citizenship and Immigration Services (USCIS) for use in EB-5 job creation analyses. There is no guarantee that job creation projections will be achieved.
With an authentic mountain experience at its core, Steamboat Springs has earned the title of Ski Town USA thanks to its deep ski roots and legacy of over 100 Winter Olympians.2
All financing for the project is in place. Construction is expected to begin Q2 2026.3
Completion guaranty is provided by three affiliates of the borrower, which collectively are required to maintain a minimum combined net worth of $22.5 million and liquidity of $2.5 million.
2. Coloradoski.com, Steamboat 3. Project timeline is subject to change.
Colorado stands as a premier destination in the U.S. mountain region, backed by strong economic fundamentals and national recognition. Steady growth, a thriving tourism economy, and a leading outdoor recreation sector position it as one of the country’s most desirable markets.4
4. Oedit.colorado.gov, Tourism Industry Contributes $28.5 Billion to Colorado Economy and Supports Over 188,000 Jobs. 5. Colorado.com, Colorado Ski Resorts: Snow's Perfect StateColorado.com. 6. Hyatt Studios – Steamboat Springs, CO IC Memorandum. 8. Datapandas.org, Median Home Price By State. 9. Commonsenseinstituteus.org, Colorado’s 2023 Economic Performance Index. 10. Directflights.com, HDN
A beloved ski town and the Olympic Heart, Steamboat Springs has produced more than 100 Winter Olympians for Team USA, more than any other community in the country. Beyond its legendary slopes, Steamboat shines year-round with spring kayaking, summer trails, and breathtaking autumn hikes.11,12
11. Denvergazette.com, In this Colorado mountain town, one in every 136 residents is reportedly an Olympian. 12. Coloradoski.com, Steamboat. 13. Rockymountaintravel.com, Steamboat Springs. 14. Businesswire.com, More Joy Coming to the Ikon Pass Community This Winter With New Terrain Expansions, Lifts, Gondolas and More Across 60+ Global Destinations. 15. STR Sep 2025 - Comp Set. 16. Steamboatchamber.com, Tourism Data Dashboard-November2025. 17. Steamboatchamber.com, Hot Springs in Colorado Soakers Guide to Steamboat Springs. 18. Steamboatspringsrealestate.com, Steamboat Springs Economy Top Industries, Biggest Employers, & Business Opportunities. 19. Adobe Stock
Positioned along U.S. Highway 40, the “Project" will enjoy excellent visibility and convenient access to both Steamboat Ski Resort and the downtown core. The brand aims to deliver a high-quality experience in a new market.20
20. Financing memo for Hyatt Studios Steamboat. 21. Google Maps
Renderings are subject to change.
expected jobs to be created
of job requirement expected to be satisfied
Job creation estimates are calculated by an independent, third-party econometric consultant using the Regional Dynamics (REDYN) model – a dynamic, computable general equilibrium model used to measure the economic and employment impacts of development projects across regional economies. REDYN is one of the input-output modeling tools recognized by U.S. Citizenship and Immigration Services (USCIS) for use in EB-5 job creation analyses. There is no guarantee that job creation projections will be achieved.
Q2 construction start
Q3 open for operation
Q3 stabilization & ongoing operations
Q1 expected initial loan maturity
Project timeline is subject to change.
EB-5 is our business. More than 1,700 EB-5 investors from 50 countries have trusted Civitas with their EB-5 journey since 2009. Our investors have deployed nearly $950 million in EB-5 capital with Civitas in projects valued at over $3.3 billion. To date, we have returned more than $480 million to eligible investors.
Our team guides investors through the EB-5 process with an emphasis on meeting program requirements, disciplined underwriting, and capital preservation.
Returned to eligible EB-5 investors
EB-5 investors served globally
EB-5 funds successfully raised
Relationships with investors in 50+ countries
I-526 / I-526E approvals
I-829 approval rate on adjudicated petitions
Past performance does not guarantee future results.
Data as of December 31, 2025. The 100% USCIS approval rate for Civitas-affiliated I-829 petitions referenced herein refers to petitions which USCIS has fully adjudicated as of the date hereof, and accordingly does not include petitions which:(i) have not yet been adjudicated;(ii) were voluntarily withdrawn or abandoned by the petitioner; or(iii) are in any stage of appeal from an initial adjudication.The success of Civitas-affiliated petitions adjudicated to date does not guarantee success in future cases. Founder and Chief Executive Officer Dan Healy serves on the IIUSA Board of Directors, but is not a judge. Co-Founder and Managing Director Rafael Anchia and Managing Director, Legal & Head of Investor Experience Mine Ekim both serve on the IIUSA Public Policy Committee.
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