NEW YORK, NY / ACCESSWIRE / September 15, 2022 / Abode Stays, Inc., an exotic vacation property owner and operator, drops its first fractional ownership NFT for the high-end Vacation Villa project in the Dominican Republic to investors and general buyers.
“Abode is pre-launching today with (a NFT case of shared ownership in our Infinity View Villas project in Santo Domingo, Dominican Republic. Each NFT will represent a direct shared ownership of the property of the underlying Infinity View Villas project, as well as all future rental income and capital growth. In addition, each NFT will have special access to events, community activities as well as deep discounts and free nights on stays in all current and future Abode projects. We believe that in these times of pervasive inflation vacation second-home rentals in exotic markets is a very attractive investment offer for those who want to secure their money in income-producing properties. The Dominican Republic is one of the safest and fastest growing holiday destinations in the world, having received over 3.5 million international tourists in June 2022, a 9 .8% higher figure than the same period in pre-pandemic 2019. DR also attracts more discerning holidaymakers, d is The level of spending has increased by approximately 25% in the last decade,” according to interim CEO Oscar Brito. Pre-launch of the product is today, September 15, while full launch will be November 22, 2022. As of now, potential investors and NFT buyers can join our reservation list and will be the first to be contacted when the NFT release is live. “Although this is our first project in the Dominican Republic, we feel that a target IRR of 21% is very achievable. This type of investment is rarely offered to retail investors and Abode will change that by providing access to exotic high IRR vacation properties. to retail investors and crowdfunders”, explained Brito further.
Infinity View Villas consists of 3 phases for a total of 8 villas. Phase I is 100% complete and has 3 2BR/2Bath villas of approx. 1200 ft2 each, while Phase II has 2 large homes with 3BR/2Bath each, with an approximate size of 2200 ft2 each and is 15% complete. Phase III is also 15% complete and will have 3 villas of the same size as Phase I. In addition, the project has fantastic views of the mountains and rivers, a hot tub, infinity pool, BBQ gazebo and many other exclusive facilities. Infinity View Villas will be Abode’s first NFT drop, but the company is in the final stages of acquiring a premier vineyard in Mendoza, Argentina. The company expects this offering to also be available on November 22nd, when the company officially drops the first NFT and begins taking final sales. In addition, Abode is in talks to acquire a 25-luxury villa project in Comporta, Portugal and an exclusive heli-ski resort in Mendoza, Argentina, as well as other premier exotic vacation projects in Greece, the Mojave Desert and others.
Abode Stays, Inc. is a majority owned Metrospaces (OTC PINK:MSPC) company.
About Abode: Abode is a Prop-tech company that owns and operates exotic vacation properties in unique locations. The company funds its project via NFT drops backed by ownership in the underlying vacation properties, while also giving NFT holders access to special events, deep discounts and free nights on stays across the properties. Abode also uses advanced vacation rental management and marketing tools to improve occupancy rates and operating margins.
Safe Harbor Statement: Statements in this press release may be “forward-looking statements”. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business, partly based on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from those expressed or predicted in forward-looking statements due to a number of factors. Any forward-looking statements speak only as of the date of this press release, and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
Metrospaces Inc.
CONSULT
[email protected]
SOURCE: Metrospaces, Inc.
