Industry first: Tokenized Debt Issuance will finance Hampton by Hilton hotel at El Salvador International Airport
Inversiones Laguardia S.A. de C.V. (Inverlag) is pleased to announce that HILSV, El Salvador's first tokenized debt issuance, is now live. The issuance aims to raise USD 6.25 million to finance the construction of a Hampton by Hilton hotel at El Salvador International Airport.
The hotel will cover 4,484 square meters over five levels and feature 80 rooms, commercial spaces, a swimming pool, restaurants, a gym, gardens, and multipurpose rooms. Located on a 15-acre plot leased from CEPA, the hotel will be the only one within the airport premises.
The HILSV issuance offers a 10% coupon rate paid semi-annually over a 5-year duration, with a minimum investment of $1,000 USD. Additionally, investments exceeding $10,000 USD will qualify for complimentary nights at the hotel during the issuance period.
Issued on the Liquid Network, a Bitcoin sidechain, HILSV ensures fast settlement of digital assets, with the capital raise and trading managed on Bitfinex Securities. The project is expected to be completed within 12 months, creating 1,000 jobs during construction and 5,000 jobs once operational.
El Salvador’s tourism industry is rapidly growing, contributing significantly to the national economy. With a 10% contribution to GDP, an average stay of 9 nights, 67,000 jobs created, 1.9 million annual visitors, and $2.4 billion in revenue as of July 2023, the sector is booming. Visitors spend an average of $195 USD daily.
Despite this growth, El Salvador has a limited supply of high-quality accommodations. The new Hampton by Hilton- branded hotel will address this need, providing convenient lodging for business and leisure travelers. Its unique location within the airport premises offers a significant advantage, catering to travelers seeking convenience and comfort upon arrival or departure.
Roberto Laguardia, president of Inversiones Laguardia, highlighted the critical role of new digital asset laws in providing access to previously inaccessible capital markets. "These laws enable us to develop crucial tourism infrastructure, unlocking potential growth in the sector and delivering broad economic benefits for Salvadorans," he stated. “This essential hotel investment is expected to generate over $1 million in annual taxes, funding vital healthcare and education services for its citizens.”
El Salvador's adoption of Bitcoin as legal tender in 2021 reflects its innovative approach to integrating cryptocurrency into the economy, making this investment opportunity particularly attractive. For more information about the HILSV issuance and investment opportunities, please visit Inverlag Hotels.