El Salvador Launches Bitcoin-Based Capital Raise for New Airport Hotel

After a prolonged process beginning with the approval of their digital securities laws, El Salvador is now launching a Bitcoin-funded capital raise. This initiative potentially sets the stage for the much-discussed Bitcoin bonds announced by President Bukele. 

The capital will fund the construction of the only resort hotel at the Monseñor Óscar Arnulfo Romero y Galdámez International Airport in San Salvador, marking the country's first venture into liquid Bitcoin-based capital markets.

The project, identified as the Hampton by Hilton, is targeting a funding goal of $6.25 million.

The funds will be utilized to construct a 4,484 square meter facility over five levels, featuring 80 rooms, commercial spaces, a swimming pool, and other amenities. 

The hotel's location within the airport's premises positions it to be the sole provider of hotel services in this area. 

The project site, leased from CEPA, the Salvadoran agency responsible for transportation infrastructure.

The investment opportunity begins at a minimum entry of $1,000 USD, with a total of 6,250 tokens available, each offering a 10% annual yield paid semiannually. 

For investments exceeding $10,000, the project will provide complimentary stays at the resort.

Overseen by Inversiones Laguardia S.A. de C.V. and facilitated through Bitfinex Securities, the project is projected to create 1,000 jobs during its construction phase and an additional 5,000 jobs once operational. 

The construction of the facility has already started and is expected to be completed within the next 12 months. 

For further information, interested parties can access details through Bitfinex Securities. This capital raise exemplifies El Salvador's ongoing efforts to integrate Bitcoin into its economic development strategies.