Bitfinex to refund investors for failed El Salvador Hilton hotel project

BlockBeats news, July 6, Bitfinex Securities said that it would return the money to investors in its Hilton Hotel project at El Salvador International Airport due to failure to attract the minimum $500,000 in funds required to continue operations.

The project is El Salvador's first public offering of digital debt assets, but it only raised $342,000 from investors before the first deadline, only 5% of the $6.25 million it hoped to raise.

The funds are intended to finance the construction of the Hilton Hampton Hotel, which is 4,500 square feet, divided into five floors, with 80 rooms, a restaurant, workspace, swimming pool, gym and garden.