tZERO Group Inc., an enabler of technology solutions for capital markets, is pleased to announce the launch of the Park Street Tuscany, LLC capital raise using the tZERO Securities platform.
A venture comprising Park Street Development Group and Buena Vista Hospitality Group is leading “the acquisition of the Tuscany National Resort and Club, a 47-room boutique hotel, 24 VIP Villas, an 18-hole Gary Player-designed golf course, a full-service restaurant & luxurious spa located in Cortona, Italy.”
The resort is anticipated to be completed and “open in the first quarter of 2025.”
The venture has significant institutional real estate experience in “the hospitality sector with a long track record. Direct real estate investing has historically been one of the more high-barrier-to-entry asset classes, and the Tuscany National Resort and Club capital raise is an important step in the democratization of access using a transparent and self-directed platform operated by tZERO Securities, an SEC and FINRA regulated broker-dealer.”
tZERO Group’s CEO, David Goone said:
“We are thrilled to launch the Tuscany National Resort and Club’s capital raise that will utilize the services provided by tZERO Securities, our broker-dealer subsidiary, and our technology services. The capital raise represents another step forward in the democratization of access to formerly elusive asset classes typically reserved to institutions and high net worth investors.”
Scott Brown, Co-owner of Tuscany National Resort & Club, states:
“We are extremely excited to partner with tZERO on a high quality commercial real estate project like Tuscany National Resort & Club and offer access to a new group of investors in a project that is traditionally reserved for institutional capital.”
tZERO Group, Inc. and its broker-dealer subsidiaries “provide an innovative liquidity platform for private companies and assets.”
They offer institutional-grade solutions “for issuers looking to digitize their capital table through blockchain technology, and trade on a regulated alternative trading system. tZERO, through its broker-dealer subsidiaries, democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors.”
tZERO Securities, LLC is “a broker-dealer registered with the SEC and a member of FINRA and SIPC.”
Park Street Development Group, founded in 2004, is “a real estate development company with a diverse background in commercial real estate and is primarily focused in the hospitality and resort sector.”
Park Street has built, owned and “operated branded & independent hotels and resorts throughout the United States and has a diverse background in commercial real estate U.S. With over $1 billion of completed projects.”
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