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Hotel ownership marketplace RSRV announces tokenization of The St. Regis Aspen Resort using the Tezos blockchain
RSRV, a recently launched hotel ownership marketplace, is using the Tezos blockchain to tokenize its first asset, The St. Regis Aspen Resorts.
By: XTZ News
27 February 2024
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Project backed by Elevated Returns, tZERO Inc and Science Ventures.
Tokenization process powered by the Tezos blockchain.
RSRV, a recently launched hotel ownership marketplace, is using the Tezos blockchain to tokenise its first asset, The St. Regis Aspen Resorts.
RSRV was co-founded by Aspen-based entrepreneur Stephane De Baets and is backed by tZero Group and Science Ventures. Token holders will be able to benefit in two ways, from holding an equity position in the hotel, and from the opportunity to exchange tokens for rooms at the resort. Exchange rates will be fixed allowing holders to benefit from discounts to future room rate increases.
Around 5% of the resort’s equity will be tokenised with a sale taking place in March. Tokens will be tradable in a secondary market on the tZero platform. The Tezos blockchain was chosen as technology partner due to a strong track record as a secure, scalable, and energy efficient blockchain. Shares will utilise Tezos blockchain technology to provide unique informational transparency into the capital structure of the issuer.
The tokenisation of real world assets remains a compelling use case for blockchain technology. In his annual letter to shareholders, Larry Fink, CEO of BlackRock, the world’s largest asset manager, highlighted the transformative potential of tokenisation to reshape the financial industry. Fink’s insights provide a wider context for RSRV’s innovative approach, underscoring the broader trend towards leveraging technology to create new opportunities for investors.
Hotel Ownership Marketplace
Elevated Returns, tZERO, and Science Ventures, the backers of RSRV, a groundbreaking hotel ownership marketplace that combines luxury hospitality investment with exclusive benefits and perks, are delighted to confirm that the first asset on the platform will be The St. Regis Aspen Resort.
The RSRV platform notably enables investors to exchange RSRV shares for hotel rooms at a fixed exchange rate, allowing them to lock in today’s room rates and protect their purchasing power over time.
The Tezos blockchain was chosen as the technology partner due to a strong track record as a secure, scalable, and energy-efficient blockchain. Shares will utilize Tezos blockchain technology to provide unique informational transparency into the capital structure of the issuer.
In 2018, Elevated Returns disrupted the traditional real estate market by offering investors indirect ownership in the St. Regis Aspen Resort. Elevated Returns provided investors with unprecedented access to ownership of prime real estate assets, enabling greater liquidity and diversification in investment portfolios. Since it was first listed for trading on tZERO Securities ATS, tokens in Regis Aspen Resort are up more than 200% in value and are held by hundreds of investors.
The inaugural offering on the RSRV platform will feature ownership rights to the same property, the St. Regis Aspen Resort, but with a big added difference that comes with the RSRV platform – the ability for investors to redeem their shares for room nights at a fixed price.
“Adding this redemption utility feature to an equity position is something that we see big demand for,” said Stephane De Baets, RSRV acting CEO. “Besides locking room rates at perpetuity, you are also being recognized as an owner and can access various perks and benefits”.
“Over time hotel owners may be able to use the RSRV platform as a form of alternative financing for real estate assets, it makes total sense,” said Jeffrey Davis, Managing Director at Eastdil Secured.
RSRV is committed to expanding its portfolio of offerings, with plans to announce additional properties throughout 2024. By democratizing access to luxury hotel ownership, RSRV empowers investors to participate in exclusive markets and unlock the potential for long-term growth and value creation.
For more information about RSRV and its upcoming offerings, visit www.hotelrsrv.com
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
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