Part of luxury St. Regis sold using digital tokens
ASPEN — A portion of the St. Regis Aspen has been sold for $18 million, and the transaction occurred in digital tokens.
About 18.9 percent of the hotel was sold in the deal, according to the Aspen Times. The newspaper said that buyers of the tokens, which were sold through Aspen Digital, had to buy at least 10,000 tokens.
Control of the hotel remains with Elevated Returns, a New York-based asset manager. The hotel’s owner had thought it would place half of the luxury hotel up for grabs on the New York Stock Exchange. That plan did not occur.
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ASPEN — A portion of the St. Regis Aspen has been sold for $18 million, and the transaction occurred in digital tokens.
About 18.9 percent of the hotel was sold in the deal, according to the Aspen Times. The newspaper said that buyers of the tokens, which were sold through Aspen Digital, had to buy at least 10,000 tokens.
Control of the hotel remains with Elevated Returns, a New York-based asset manager. The hotel’s owner had thought it would place half of the luxury hotel up for grabs on the New York Stock…
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