Travaleo, LLC, a branded real estate investment and development platform wholly-owned by Genesis Holdings, Inc. (OTC: GNIS), announced today the execution of a Memorandum of Understanding (MOU) with the owners and developer of the Hotel Tulasi Mandir project on Isla de Coche, Estado Nueva Esparta, Venezuela. The project involves a 28-villa luxury boutique hotel, which the parties aim to transform into a world-class, branded luxury destination in the Caribbean.
The MOU establishes a framework for collaboration over a 90-day exploratory period, during which the parties will assess development plans, branding strategy, and financing alternatives. The contemplated cooperation may include strategic development planning, capital advisory support, and the introduction of an internationally recognized hospitality brand, subject to definitive agreements. The MOU is non-binding except for customary confidentiality and related provisions.
Oscar Brito, CEO of Travaleo and Genesis Holdings, stated: "This project represents Travaleo's flagship debut in Venezuela and we intend for Travaleo to become a clear entry gateway for international and U.S.-based investors seeking institutional-grade exposure to Venezuelan branded luxury real estate. Venezuela has extraordinary natural assets, and we believe this development can set a new standard for thoughtfully new construction, premium boutique hospitality in the Caribbean."
The company is actively evaluating additional "crown-jewel" locations and iconic properties, including select opportunities in Caracas, that could be hosted on the Travaleo platform as it builds a curated portfolio across the country. This strategic move positions Travaleo to capitalize on Venezuela's untapped luxury real estate market, offering a structured entry point for investors amid the country's complex economic landscape.
The news underscores a growing interest in Venezuelan real estate, particularly in high-end tourism destinations like Isla de Coche, which boasts pristine beaches and a favorable climate. By partnering with local developers and introducing international branding, Travaleo aims to mitigate risks and enhance the property's appeal to global travelers and investors. The MOU with the Hotel Tulasi Mandir project is a significant step toward realizing that vision, with further updates expected as discussions progress and definitive agreements are negotiated.
For more information about Travaleo, visit https://www.travaleo.com. For more about Genesis Holdings, visit https://www.regen.digital.
