NEW YORK, NY / ACCESSWIRE / September 15, 2022 / Abode Stays, Inc. Owner and operator of Exotic Vacation Homes is giving up its first NFT partial ownership of a high-end Vacation Villa project in the Dominican Republic to investors and buyers in general.
Abode Pre-Launches today with (https://abodestays.io) NFT projection of fractional ownership of the Infinity View Villas project in Santo Domingo, Dominican Republic. Each NFT will represent direct partial ownership of the property of the primary Infinity View Villas project, along with all future rental income and capital appreciation. In addition, each NFT will have exclusive access to community events and activities as well as great discounts and free nights on stays on all current and future residence projects. We believe that in these times of inflation second home rentals in exotic markets are a very attractive investment proposition for those looking to protect their money in income producing properties. The Dominican Republic is one of the safest and fastest growing holiday regions in the world, receiving more than 3.5 million international tourists as of June 2022, a figure that is 9.8% higher than in the same period in the pre-pandemic period of 2019. The Dominican Republic is also attracting more tourists. Excellence. Vacationers, with spending up nearly 25% in the past decade,” according to interim CEO Oscar Brito. The product is pre-launch today, September 15, while the full launch will take place on November 22, 2022. As at the moment, potential investors and subscribers can NFTs join our booking list and they will be the first to be contacted once NFT goes live.” Although this is our first project in the Dominican Republic, we feel that our target IRR of 21% is a critical feasible. This type of investment is rarely offered to retail investors, and Abode will change that by giving access to exotic vacation properties with a high IRR to the retail investor and crowdfunding,” explained Mr. Britto.
Infinity View Villas consists of 3 phases, bringing the total to 8 villas. The first phase is 100% complete and contains 3 two-bedroom / two-bathroom villas of approximately 1,200 square feet each, the second phase contains two large homes with 3 bedrooms / 2 bathrooms each, approximately 2,200 square feet each It is 15% complete. The third phase is also 15% complete and will include 3 villas of the same size as the first phase. In addition, the project has stunning mountain and river views, jacuzzi, infinity-edge pool, barbecue terrace and many other high-end facilities. Infinity View Villas will be the first NFT to land in Abode, however, the company is in the final stages of acquiring a major vineyard in Mendoza, Argentina. The company expects that offer will also be available on November 22, when the company will officially give up its first NFT and start taking final sales. Additionally, Abode is in talks to purchase 25 luxury villas in Comporta, Portugal and a high-end helicopter resort in Mendoza, Argentina, as well as other exotic vacation projects in Greece, the Mojave Desert and more.
Abode Stays, Inc. is a majority owned company of Metrospaces (OTC PINK: MSPC).
about houseAbode 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 prime vacation properties while also giving NFT holders access to special events, deep discounts, and free nights on stays across its properties. Abode also uses the latest vacation home rental management and marketing tools to improve occupancy rate and operating margin.
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 regarding our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business that are based in part 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 results and outcomes could differ, and are likely to differ, materially from what was expressed or expected in the forward-looking statements due to many factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. No obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
source: Metrospaces, Inc.