Elevated Returns, tZERO Group and Science Ventures, the forces behind RSRV, an innovative hotel ownership marketplace, are proud to announce the tokenization of The St. Regis Aspen Resort, marking a monumental leap in luxury hospitality investment.
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Powered by the Tezos blockchain, RSRV is pioneering a transformative approach, allowing investors to exchange RSRV shares for hotel rooms at a fixed exchange rate, securing their purchasing power over time while enjoying exclusive benefits and perks.
The decision to partner with the Tezos blockchain stems from its reputation as a secure, scalable, and energy-efficient platform. The use of Tezos technology ensures unparalleled security and transparency and provides investors with unique insights into the issuer’s capital structure.
“Adding this redemption assistance to an equity position is something we are seeing strong demand for.”
Stephane De Baets, CEO of RSRV
“In addition to locking in room rates forever, you are also recognized as an owner and have access to various benefits,” says Stephane.
Disrupting traditional real estate
In 2018, Elevated Returns disrupted the real estate market by offering investors indirect ownership of the St. Regis Aspen Resort. This innovative approach granted investors unprecedented access to prime real estate assets, promoting greater liquidity and diversification in investment portfolios.
Since listing on tZERO Securities ATS, tokens representing ownership of The St. Regis Aspen Resort have risen more than 200%, attracting hundreds of investors.
The first offering on the RSRV platform provides ownership rights to The St. Regis Aspen Resort, accompanied by a breakthrough feature: the ability for investors to redeem their shares for room nights at a fixed price. This auxiliary feature not only secures room rates indefinitely, but also provides recognition as an owner with access to 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, which makes perfect sense,” said Jeffrey Davis, Managing Director at Eastdil Secured.
Looking ahead, RSRV is poised to expand its portfolio, with plans to introduce additional properties in 2024. By democratizing access to luxury hotel ownership, RSRV enables investors to participate in exclusive markets, unlocking long-term growth and value creation potential.
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About RSRV
RSRV is an innovative fractional hotel ownership platform that is revolutionizing the traditional hotel ownership landscape. RSRV, founded by Stephen De Baets and supported by tZERO and Science Ventures, enables accredited investors to convert hotel assets into digital securities on the tZERO platform. Investors gain co-ownership in hotel properties, gain access to stock returns and exclusive member benefits, while benefiting from secondary market liquidity through tZERO.
About tZERO
tZERO Group, Inc. provides an innovative liquidity platform for private companies and assets, providing institutional-grade solutions for issuers looking to digitize their capital table via blockchain technology. Through its broker-dealer subsidiaries, tZERO democratizes access to private wealth and provides a simple, automated and efficient trading platform to broker-dealers, institutions and investors.
About Tezos
Tezos is an open-source, scalable and energy-efficient blockchain for assets and applications. Known for its long-term upgradability and smart contract security, Tezos enables builders, developers and enterprises to deploy applications at a low cost, fostering a thriving community of makers and innovators in the digital-centric world.
For more information about RSRV and its upcoming offerings, visit www.hotelrsrv.com.
Please note: This press release is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to purchase or a recommendation for any security.
