Bitfinex Securities El Salvador announced plans for a $6.25 million tokenized debt security to fund the construction of a Hampton by Hilton hotel complex at the airport. The developer, Inversiones Laguardia S.A. de C.V. (HILSV), is the issuer of the five-year 10% coupon note.
A quick search on the company reveals it contracted to build an airport hotel in 2017, although it’s entirely possible that was a different hotel. As an incentive to the tokenized debt investors, the hotel operator is offering free hotel accommodation based on the investment size. The minimum investment is $1,000.
Nowadays the vast majority of branded hotels are franchised. At the end of 2023 Hilton Worldwide owned just 51 of the 7,530 Hilton hotels. It managed another 800 and franchised 6,679.
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