Travaleo, LLC, a branded real estate investment platform wholly-owned by Genesis Holdings, Inc. (OTC: GNIS), announced today that it has executed a Memorandum of Understanding with the owners and developer of the Hotel Tulasi Mandir project on Isla de Coche, Estado Nueva Esparta, Venezuela. The MOU outlines a framework for collaboration to transform the 28-villa property into a world-class, branded luxury boutique destination in the Caribbean.
Under the terms of the non-binding MOU, the parties will engage in a 90-day exploratory period to 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.
Travaleo anticipates that this project will serve as its flagship debut in Venezuela and establish the platform as a premier entry gateway for international and U.S.-based investors seeking institutional-grade, branded luxury real estate in the country. Beyond Isla de Coche, Travaleo CEO Oscar Brito indicated that the company is actively evaluating additional 'crown-jewel' locations, including select Caracas-based opportunities, as part of a curated portfolio across Venezuela.
'This project represents a compelling opportunity to elevate an already exceptional location into a truly globally competitive luxury destination,' said a representative of the Seller. 'We are pleased to formalize our collaboration with Travaleo and look forward to exploring how their experience in branded hospitality and capital markets can help realize the full potential of this unique Caribbean asset.'
Oscar Brito, CEO of Travaleo and Genesis Holdings, added: '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 MOU is non-binding except for customary confidentiality and related provisions. The parties anticipate providing further updates as discussions progress and definitive agreements are negotiated.
Travaleo is a branded real estate investment and development platform wholly-owned by Genesis Holdings, Inc., focused on identifying, structuring, and managing income-producing and development-oriented real estate projects. The platform emphasizes professionally underwritten assets, brand-driven developments, and disciplined execution aligned with long-term ownership strategies. More information is available at Travaleo.
Genesis Holdings is a publicly traded holding company focused on the development, acquisition, and management of operating businesses and real-asset-related initiatives. The Company emphasizes disciplined capital allocation, sound governance practices, and long-term value creation for shareholders. More information is available at Genesis Holdings.
