Hampton by Hilton, will be the first hotel right at El Salvador International Airport. The project entails the construction of a 4,484 m2 facility spread across five levels. The infrastructure will include 80 rooms, five commercial spaces each measuring 99 square meters, a swimming pool, and various amenities such as restaurants, a gym, gardens, multipurpose rooms, among others.
This project marks the first instance of hotel tokenization in El Salvador.
Important: This token is only available on the Bitfinex Securities platform and not the Bitfinex exchange.
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Airport Hotel SV (HILSV) — Frequently Asked Questions (FAQ)
— Who is the issuer of HILSV?
- Inversiones Laguardia S.A. de C.V.
— Who can invest in HILSV?
- Both the primary offering and secondary market trading will be restricted to verified Bitfinex Securities Account holders.
Read this article to learn more about how to open an account on Bitfinex Securities.
The offering is not open to Prohibited Persons and/or Prohibited Jurisdictions including US investors.
— Will there be a secondary market for HILSV tokens?
- Yes. Secondary market trading will begin approximately one week after the conclusion of the capital raise.
— How will the coupon be paid?
- The coupon will be paid semi-annually in June and September at an annual rate of 10%.
- Payment will be done in USD on the Bitfinex Securities Platform.
— What blockchain will HILSV be issued on?
- The Token will be issued on the Liquid Network using Blockstream AMP, which enables sending, receiving, and storing digital tokens that require authorization from the token issuer to move funds. The issuer maintains a whitelist of accounts that have passed KYC/AML compliance and jurisdiction requirements. Accounts that are not included in the whitelist are not able to send, receive, or store tokens.
— What is the use of funds?
- Funds will be used to construct a 5-story, 80-room hotel with 5 commercial premises, a swimming pool, restaurants, a gym, gardens, and multipurpose rooms within the El Salvador International Airport Saint Óscar Arnulfo Romero y Galdámez complex.
— How long is construction expected to take? And will the facilities be operational?
- Construction of the facilities began in 2019, but was soon paused due to health protocols activated around COVID-19. Completion of the project is expected to take less than 12 months.
— What are the investment incentives prepared by the issuer?
Investors holding balances of HILSV >= to the amounts below will be eligible for free accommodations at the hotel (upon completion and subject to availability).
- $1 Million Investment: All-year-round free stay during the life of the bond (5 years).
- $750k: 250 free nights per year.
- $500k: 150 free nights per year.
- $250k investment: 75 free nights per year.
- $100k Investment: 20 free nights per year.
- $50k investment: 10 free nights per year.
- $25k investment: 5 free nights per year.
- $10k investment: 2 free nights per year.
— Are the investment incentives open to secondary market investors?
- No. Investment incentives are available to all investors that participate in the primary offering.
— In what currency will the capital raise and coupon payments be executed?
- Both the capital raise and coupon payments will be executed in USD.
— What are the risks associated with HILSV?
- Please see the risk factors outlined in the Relevant Information Document and in the Certifier’s Report.
— Who is the regulator overseeing this offering?
- The National Digital Asset Commission of El Salvador (CNAD). In the event of any discrepancy or inconsistency between the information contained in this Capital Raise Information page / FAQ and the Relevant Information Document, the Relevant Information Document shall prevail.
If you have any questions please feel free to contact Bitfinex Support for further assistance.