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The Aspen Digital Security Token

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St. Regis Aspen Resort Luxury Real-Estate Security Token Offering

Aspen Digital Inc is proposing to sell Aspen Coins, presenting purchasers with a unique opportunity to gain an indirect fragmented equity ownership stake in the St. Regis Aspen Resort in Aspen Colorado, an iconic trophy property.
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Introduction

Aspen Digital is creating an ecosystem for real estate in the crypto world and the Aspen Coin is a security token backed by common shares in a single asset real estate investment trust that owns the St. Regis Aspen Resort, a luxury asset.

Asset backed coins are similar to other asset-backed investments: the value is supported by tangible assets. The value of the underlying assets may help maintain a more stable price and reduce the volatility in the price of cryptocurrencies.

Highlights

World-class luxury

Investments will be backed by a proven management team who’ve shown growth in revenue over the last two years. The St. Regis has multiple revenue drivers to generate revenue even in the off seasons and consistently outperformed comparable luxury hotels and resorts during peak seasons.

The property itself is a world class, year-round destination resort. The iconic St. Regis brand name attracts celebrities, high net worth individuals, tourists, and corporate executives, among others. As a venue for high profile events, the property offers 179 rooms, including 25 luxury suites, a 15,000 square foot luxury spa, and 14 fully equipped meeting spaces (accommodating up to 1200 people).

Nestled in the heart of the Rocky Mountains, St. Regis has access to quality, consistent ski conditions and boasts one of the longest ski seasons in the world, and with a multiple food and drink outlets, guests have a variety options for entertainment. This mountainside luxury resort plans to maintain and grow RevPar based on preserving ADR while increasing occupancy.

Industry Overview

St. Regis Resort

  • Economy driven by tourism and real estate
  • St. Regis Aspen Resort – draws couples and families. Attracts celebrities, high-net worth individuals and top executives
  • St. Regis Aspen – history of selection for exclusive private events, leisure and business
  • Summer events and festivals have made the area more popular in warm weather
  • Year-round festivals and events stimulate demand, including world cup ski races, ESPN Winter X games, Food & Wine Classic, and Aspen Music Festival
  • Outdoor enthusiasts experience many recreational activities in the region

Overview of U.S & Aspen markets

  • Located in the Rocky Mountain Region, one of the five major regions in the USA
  • Accommodates the most skiers by a significant margin among the five regions
  • Known to have the most reliable snow, longest ski season and the most resorts
  • Aspen competes primarily with major ski facilities in North America and upscale ski resorts around the world.
  • Since the U.S. economic recession in 2008, the lodging industry has experienced improving fundamentals
  • High real estate prices and barriers to entry for development benefit the St. Regis Aspen Resort

Hotel Business Strategy

Maximizing revenue by curating the luxury experience

Rental Rooms

Food & Beverage

Events & Catering

Experienced Management Team

Over 50 years of combined real estate experience

Stephane De Baets

President

With over 20 years of experience In asset management, financial structuring, mergers and acquisitions, Stephane is the founder and President of Elevated Returns LLC. Since April 2008 Stephane also serves as the managing partner at Optasia Capital Co., Ltd, an advisory firm in Thailand that focuses on Asian-based transactions.

Alex Ho

Controller

Alex has over 15 years of experience in hospitality and travel management industry. He has served as CEO of Pacific Assets Public Company Limited, a hotel and real estate investment company listed on the stock exchange of Thailand.

Jason Kirschenbaum

Managing Director

Approximately 10 years of experience in real estate and diamond industry. He joined Elevated Returns in 2016 as a managing director. Experience includes investment sales, debt financing, research and closings. Prior to working in real estate, Jason worked in his family diamond company Martin Kirschenbaum Inc. as VP of Operations.

Joel Hocknell

Director of Development

Joel Hocknell has over twenty years’ experience in contracting and project management. He has completed upscale commercial and residential projects in Manhattan, Aspen, and Hollywood. He joined our predecessor in 2011.

Ready to learn more?

Frequently Asked Questions

What is a token in an ICO?

An Initial Coin Offering (ICO), is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for Bitcoin and Ethereum.

How does one use a token?

A security token (sometimes called an authentication token) is a small hardware device that the owner carries to authorize access to a network service. The device may be in the form of a smart card or may be embedded in a commonly used object such as a key fob.

What is a security token?

A security token represents traditional, private security interest. It could represent a share in a company, an  interest in a partnership, or a membership interest in a limited liability company. Essentially, you’re taking something that today you have on paper and you’re putting an electronic wrapper around it.

How is a security token different than a utility token?

Utility Tokens are protocol tokens, tokens that power a decentralized software. For example, if you’re using decentralized file source — think something like DropBox but done in a decentralized fashion — you’d have a storage coin that would power this system & it would be a payment mechanism for the system. Think of it almost like a pre-paid software license. But the key here is that it’s not a security interest like a Security Token. You do not own anything in the company and there is no real world asset that backs it.

Why security tokens?

Security tokens replace paper certificates with digital tokens on the blockchain. Security tokens enable liquidity, trading scale, and new financing models that benefit both the investor and the issuer. For the last 1,000 years ownership of most assets was managed by all parties to each transaction signing paper certificates. With tokenized securities, there is one document that defines the rights of token holders, and the tokens themselves are a proxy to that master document, and can trade just like cryptocurrencies, within regulations.

Who can invest?

Initial Token holders may be accredited investors in accordance with applicable U.S. laws.

Under Regulation D Rule 506( c ): Only accredited investors can participate in the Aspen Digital Coin offering.

What is a SMART contract?

Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism. They render transactions traceable, transparent, and irreversible.

The token platform follows ERC20 protocols for the tokenization of securities and other assets. The ERC-20 standard facilitates the creation of functional tokens for the Ethereum network. Ethereum is defined as the next generation blockchain, which aims to support such advanced features including user-issued coins, decentralized exchanges, and smart contracts.

Where can you purchase Aspen Coins?

Investors may go to Templum Markets for the on-boarding process to purchase Aspen Coins.

Investors will need to provide the necessary information to ensure that purchasers of Aspen Coins adhere to applicable investor guidelines.

Does my token give me the right to say at the St. Regis Aspen for free?

No. There will be no free perks attached to Aspen Coins in regards to free hotel room or free hotel accommodations at the St. Regis Aspen or any St. Regis hotel.

Where and how do I keep my coins?

You can keep Aspen Coins in any wallet that supports ERC-20 tokens including your free Aspen Web Wallet. However you can transfer these to other wallets if you choose to. The following wallets are known to be compatible with Ethereum tokens (ERC-20 standard):

MyEtherWallet (no download needed) MetaMask (Firefox and Chrome browser addon) Mist (Desktop) Parity (Desktop)

How can I sell my coins?

You can get information about resale from the Templum ATS – these will have restrictions on immediate sale and limited, if any, liquidity.

Is this a safe investment?

As with any investment, particularly in early-stage private companies, there is a risk of total loss of an investment.  Only invest an amount you can completely afford to lose without changing your lifestyle.

Important Disclosure

https://ico.indiegogo.com/projects/aspen is a website owned by Indiegogo, Inc. and operated by Indiegogo, Inc. located at 965 Mission Street, 7th Floor, San Francisco, CA 94103. Indiegogo is a not a broker-dealer, funding portal or investment adviser. By accessing this site and any pages on this site, you agree to be bound by our Terms of Use and Privacy Policy, as may be amended from time to time without notice or liability. Information presented on this page is not an offer to sell or a solicitation of an offer to buy securities of this company. Securities are offered by the company through Templum Markets LLC, a broker-dealer registered with the US Securities Exchange Commission and a member of FINRA. Please review the complete offering materials available from Templum, and in particular the risk factors, before making an investment decision. For any investment, and particularly in early-stage private companies, there is a risk of total loss of an investment. Only invest an amount you can completely afford to lose without changing your lifestyle.