Valhil Advisors to Advise Park Street Development Group/Buena Vista Hospitality on Issuance of Tokenized Securities for Luxury Resort & Golf Course in Tuscany, Italy
FOR IMMEDIATE RELEASE
[Houston, October 25, 2023] - Valhil Advisors, a global strategic advisory firm specializing in blockchain and digital assets, announces its engagement by Park Street Development Group (PSDG) & Buena Vista Hospitality Group (BVHG) to issue tokenized securities for a prestigious commercial real estate project – Tuscany National Resort & Club. The project, a luxury golf course resort in Tuscany, Italy, located near Cortona, the romantic town made famous in the movie adaption of Frances Mayes book – Under the Tuscan Sun.
The sponsors are partnering with the prominent Romiti family, the patriarch of which is Cesare Romiti – the former CEO and Chairman of Fiat/Ferrari, to complete the development and commence commercial operations of the project. The Romiti family will retain a 20% stake in the project. This collaboration represents a significant milestone in the evolving landscape of commercial real estate financing.
As the tides of raising capital within the commercial real estate sector shift towards blockchain and tokenization, Valhil Advisors is at the forefront, facilitating this groundbreaking initiative. The tokenized securities offering will provide accredited investors with an innovative opportunity to participate in the ownership of this exclusive resort.
In conjunction with the tokenized securities offering, Park Street plans to launch a membership community for golf enthusiasts that will be implemented as a non-fungible token or “NFT.” In addition to many premium privileges and travel opportunities, members of this exclusive NFT golf community will gain access to quality investment opportunities, like the Tuscany tokenized securities offering, further enhancing the benefits of being a NFT community member. Additional membership benefits will be shared closer to launch, and accredited investors do not need to be a member of the NFT golf community to participate in the Tuscany tokenized securities offering.
Scott Brown, CEO of Park Street, emphasizes the changing landscape of commercial real estate development and the pioneering role of this project. "Our collaboration with Valhil Advisors signifies our commitment to staying ahead of the curve. By embracing blockchain technology and tokenization, we aim to revolutionize the way commercial real estate projects are funded and managed – taking control away from traditional financing which is generally at a standstill for quality projects such as this."
"This tokenized securities offering represents a pivotal step towards the new digital asset-focused economy," says Jimmy Vallee, Partner at Valhil Advisors. "We believe that the commercial real estate sector is ripe for disruption, and tokenization provides a more broadly accessible and efficient avenue for project developers and investors to engage in these opportunities."
The Chief Strategy Officer of Park Street, Zack Bates, adds, “Italy’s hosting of the 2023 Ryder Cup has undeniably put the country on the global golfing map. With picturesque courses, a diverse cultural experience, and a commitment to sustainability, Italy is becoming a must-visit destination for golfers seeking memorable experiences. The Tuscany National Resort & Club is a testament to Italy’s potential as a premier golf destination. This project not only represents a remarkable luxury golf course resort but also introduces a new model for communities based on shared interests. By leveraging technology, we are creating a unique ecosystem that enhances the experiences of our members.”
Key highlights of the project include a world class, 18-hole Gary Player Signature Golf Course in this picturesque location in the Tuscany region of Italy, adjacent to the town of Cortona and surrounded by Tuscan vineyards. The full-service resort also includes a 47 key boutique hotel, 24 villas, world class spa and an on-site restaurant.
With its tokenized securities offering, this project revolutionizes the traditional investment model, providing increased liquidity, transparency, and accessibility to accredited investors.
For further information and media inquiries, please contact:
Molly Elmore
Valhil Advisors
melmore@valhiladvisors.io
678.977.0485
About Park Street Development Group
Park Street Development Group Park Street Development Group has a diverse background in real estate- and hospitality-based projects including full-service hotels, select service hotels, multi-family, and residential golf course communities throughout the United States. Park Street adds value to its core investments through in-house experience and industry relationships and is building a portfolio of lifestyle hospitality properties around the globe.
Visit: https://www.parkstreetdevelopmentgroup.com
About Buena Vista Hospitality Group
Buena Vista Hospitality Group (BVHG) is one of the world’s leading hospitality and golf management companies. Incorporated in Florida in 1986, BVHG is an Orlando-based company whose principals have developed, owned, marketed, and managed a wide array of lodging and golf properties during the past 40 years. Since its incorporation BVHG has successfully provided the full range of services for over 50 hotels, resorts, golf communities and clubs throughout the country and internationally.
Visit: https://www.bvhg.com
About Valhil Advisors
Valhil Advisors is a global strategic consultancy firm specializing in blockchain technology and digital assets. With a team of seasoned professionals, Valhil Advisors provides guidance and innovative solutions to clients across various industries, enabling them to navigate and capitalize on the transformative power of blockchain technology.