Travaleo, LLC, a branded real estate investment and development platform wholly owned by Genesis Holdings, Inc. (OTC: GNIS), announced on February 24, 2026, that it has executed a Memorandum of Understanding (MOU) with the owners and developer of the Hotel Tulasi Mandir project, a 28-villa luxury boutique hotel located on Isla de Coche, Estado Nueva Esparta, Venezuela. The MOU establishes a framework for the parties to collaborate on transforming the property into a world-class, branded luxury boutique destination in the Caribbean.
Under the terms of the MOU, 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 mark its flagship debut in Venezuela and establish Travaleo as a premier entry gateway for international and U.S.-based investors looking to access institutional-grade, branded luxury real estate in the country. The parties will work in good faith during a 90-day exploratory period to assess development plans, branding strategy, and financing alternatives. The MOU is non-binding with respect to any definitive transaction, except for customary confidentiality and related provisions.
“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. Beyond Isla de Coche, we are actively evaluating additional ‘crown-jewel’ locations and iconic properties - including select Caracas-based opportunities - that could ultimately be hosted on the Travaleo platform as we build out a curated portfolio across the country.”
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 https://www.travaleo.com. Genesis Holdings is a publicly traded holding company focused on the development, acquisition, and management of operating businesses and real-asset-related initiatives. Further details can be found at https://www.regen.digital.
This press release contains forward-looking statements within the meaning of securities laws. These statements are based on current expectations and assumptions and are subject to risks and uncertainties, including general economic conditions, failure to close proposed transactions, and other risks discussed in the Company's filings with OTC Markets. Readers are cautioned not to put undue reliance on forward-looking statements, and Genesis Holdings assumes no obligation to update them.
