The Trump Organization is teaming with luxury real-estate developer Dar Global to build a resort in the Maldives.
The Trump International Hotel Maldives will have 80 villas and is expected to open by the end of 2028.
The firms will allow individuals to invest in the development process via a tokenized offering.
The Trump Organization’s newest real estate venture will allow individuals to invest in the development process via tokenized shares, the firm’s partner, luxury real estate developer Dar Global announced on Monday.
The Trump International Hotel Maldives will consist of 80 luxury villas and is set to open by the end of 2028.
“We are delighted to bring the Trump brand to the Maldives in collaboration with Dar Global,” said Eric Trump in a statement. “This development will not only redefine luxury in the region but also set a new benchmark for innovation in real estate investment through tokenization.”
According to the firms, this project will differ from other tokenized real-estate offerings, allowing investors to get in during the development process, not only once the project is complete.
Details about when and how prospective investors can participate were not shared.
The Trump International Hotel Maldives will be located just 25 minutes by speedboat from Malé, the capital of the Maldives. It is being designed to offer the “highest levels of privacy, exclusivity, and sophistication,” to global travelers.
Concept art of a Trump International Hotel Maldives villa. Image: Dar Global/Trump Organization
“Dar Global continues to push boundaries, from developing world-class destinations to pioneering new investment structures,” said Dar Global CEO Ziad El Chaar in a statement.
“Tokenizing the development of Trump International Hotel Maldives marks a global first that blends luxury, innovation, and technology in a way that will transform how the world invests in hospitality,” he added.
Shares of Dar Global (DAR), which trade on the London Stock Exchange, closed up nearly 3% on Monday, according to data from Yahoo Finance.
The real-estate developer has properties in Spain, the UK, Saudi Arabia, Qatar, and other locations. According to its website, the firm’s tokenization offers investors access to “high-value properties” in a “smarter, more flexible, and globally connected” way.
“We are delighted to bring the Trump brand to the Maldives in collaboration with Dar Global,” said Trump Organization Executive Vice President Eric Trump, in a statement. “This development will not only redefine luxury in the region but also set a new benchmark for innovation in real estate investment through tokenization.”
Representatives for Dar Global and the Trump Organization did not immediately respond to Decrypt’s request for comment.
