Abode Begins Operations with First NFT Drop of Fractional Ownership in Premier Villa Project in the Dominican Republic
NEW YORK, NY / ACCESSWIRE / September 15, 2022 / Abode Stays, Inc. an exotic vacation property owner and operator drops its first fractional ownership NFT for high-end Vacation Villa project in the Dominican Republic for investors and buyers in general.
“Abode pre-launches today with (https://abodestays.io) an NFT drop of fractional ownership in our Infinity View Villas project in Santo Domingo, Dominican Republic. Each NFT will represent a direct fractional ownership of the property of the underlying Infinity View Villas project, as well as all future rental income and capital appreciation. Additionally, 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 are a very attractive investment offer to those looking to safeguard their money in income-producing properties. Dominican Republic is one of the safest and fastest growing vacation hotspots in the world, having received over 3.5 million international tourists as of June 2022, a 9.8% higher figure than the same period in pre-pandemic 2019. The DR is also attracting more discerning vacationers, where the level of spending has increased 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 on November 22, 2022. As of now, potential investors and NFT buyers can join our reservation list and will be the first ones contacted once the NFT drop is live. “Even though this is our first project in Dominican Republic, we feel that a target IRR of 21% is very attainable. This type of investment is rarely offered to retail investors and Abode will change that by giving access of exotic high-IRR vacation properties to the retail investor and crowdfunder”, further explained Mr. Brito.
Infinity View Villas is comprised of 3 phases for a total of 8 villas. Phase I is 100% complete and has 3 2BR/2Bath villas of approximately 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. Additionally, the project has breathtaking mountain and river views, a jacuzzi, infinity pool, BBQ gazebo and many other high-end amenities. Infinity View Villas will be Abode’s first NFT drop, however, the company is in final stages of acquiring a premier vineyard in Mendoza, Argentina. The company expects this offer to also be available on November 22, when the company officially drops the first NFT and starts taking final sales. Additionally, Abode is in conversations to acquire a 25-luxury villa project in Comporta, Portugal and a high-end heliskiing resort in Mendoza, Argentina, as well as other premier exotic vacation projects in Greece, 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 it’s 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 its properties. Abode also uses state-of-art vacation home rental management and marketing tools to enhance occupancy rate and operating margin.
Safe Harbor Statement: Statements in this news 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 any 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 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 outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
SOURCE: Metrospaces, Inc.