Business

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The Tokenization of the St. Regis Aspen Resort Valued at $224 million, the St. Regis Aspen is a trophy property and a luxury destination located in Aspen, Colorado. An equity raise of the property in August 2018 brought in $94 million with a cap rate of about 5.8 percent. This was executed in conjunction with a regulated Security Token using Reg D – 506 (c). It’s one of the first cases of tokenizing a commercial real estate property. Guests include: Stephane De Baets, Founder and President of Elevated Returns, Jeffrey Davis, Senior Managing Director of JLL’s Hotels & Hospitality Group, Jay Bernstein, Partner at Clifford Chance, and Henry Elder, Founder of Digital Assets Advisors.