Bitfinex issues first ever hotel tokenisation in El Salvador

BITFINEX Securities, the regulated platform that allows previously underserved organisations to raise capital through tokenised assets, has issued its first Salvadorean listing of tokenised debt.

The five-year issuance, known as Airport Hotel SV (HILSV), is for $6.25m and will fund the construction of the Hampton by Hilton hotel at El Salvador International Airport. It offers a 10% coupon with a minimum buy-in of $1,000 and is available to both institutional and retail investors.

This marks the first instance of hotel tokenisation in El Salvador. Investors who commit upwards of $10,000 to the capital raise will also be eligible for free accommodation at the hotel during the life of the issuance.

HILSV will be issued on the Liquid Network, a Bitcoin layer 2, and will trade against US dollars and Tether’s USDT stablecoin.

The hotel will be a 4,484 m2 facility comprising of 80 rooms, five commercial spaces, a swimming pool, restaurants, a gym and other facilities. The project will create 1,000 jobs during the construction phase and up to 5,000 direct and indirect jobs during its operational phase.

The Hampton by Hilton project is of strategic significance to El Salvador, being the first to be constructed at the airport and reflects the anticipated increase in inbound international investment, thanks in large part to its ambitious Bitcoin-focused economic growth strategy.  
 
More details on the asset can be found here.