El Salvador is quickly emerging as a top tourist destination, attracting travelers from around the world with its stunning coastline, numerous volcanoes, and a host of activities catering to diverse interests. Renowned for its world-class surfing, the country's unique topography offers an exceptional wave field, attracting surfing enthusiasts from around the world. Additionally, significant improvements in safety have increased its attractiveness as a travel destination.
In a development that underscores the resurgence of tourism in El Salvador, investors and travel enthusiasts now have the exciting opportunity to participate in financing the construction of a Hampton by Hilton-branded hotel, which will be the first hotel in the El Salvador International Airport. This pioneering project is facilitated by Bitfinex Securities, a leading security token platform, through the issuance of a digital asset called HILSV.
Highlights of this project include:
10% Coupon – Investors in the HILSV token will enjoy a 10% coupon redeemable for five years.
Complimentary Accommodations – Investors will be eligible for complimentary hotel stays, with rewards increasing based on the size of their investment.
Job creation: The project is expected to generate 1,000 construction jobs and 5,000 jobs upon completion.
Innovative financing model: This initiative represents the first use of blockchain technology for capital raising in El Salvador and potentially the first example of hotel tokenization in Latin America.
This initiative not only marks an important milestone in the transformation of El Salvador into a premier tourist destination, but also highlights the innovative use of blockchain technology in the construction of luxury accommodations.
"The HILSV token marks El Salvador's first digital asset tokenization and represents an important step forward in the development of its nascent capital market, as well as the introduction of a major new asset class to the market," said Paolo Ardoino, CTO of Bitfinex Securities. “For the first time, investors who do not normally have the opportunity to invest in such assets have the opportunity to do so, while issuers in markets that have less access to capital can tap into a new asset class for funding. "
Jesse Knutson, Chief Operating Officer of Bitfinex Securities, comments: “This capital raise not only marks our first venture in El Salvador, but is also a testament to the transformative power of Bitcoin-based capital markets. “We are proud to contribute to the growth of El Salvador and hope to create important employment opportunities through this effort.”
“The newly implemented digital asset laws will grant us access to capital markets that were previously unavailable to us. This access will allow us to develop crucial tourism-related infrastructure, thus unlocking the potential for growth in the tourism sector. This expansion will ultimately result in economic benefits for all Salvadoran citizens.” said Roberto Laguardia, president of Inversiones Laguardia
For more information, visit Bitfinex Securities.