Travaleo, LLC, a branded real estate investment and development platform owned by Genesis Holdings, Inc., has executed a Memorandum of Understanding with the owners and developer of the Hotel Tulasi Mandir project on Isla de Coche, Venezuela. The agreement establishes a framework for collaboration on transforming the property into a world-class, branded luxury boutique destination in the Caribbean.
The MOU outlines potential cooperation in strategic development planning, capital advisory support, and the introduction of an internationally recognized hospitality brand, though all aspects remain subject to definitive agreements. The parties will engage in a 90-day exploratory period to assess development plans, branding strategy, and financing alternatives. The agreement is non-binding regarding any definitive transaction, containing only customary confidentiality provisions.
This project represents Travaleo's anticipated flagship debut in Venezuela and is intended to establish the company as a premier entry gateway for international and U.S.-based investors seeking institutional-grade exposure to Venezuelan branded luxury real estate. Oscar Brito, CEO of Travaleo and Genesis Holdings, stated the company intends for Travaleo to become a clear entry point for such investors. He emphasized that Venezuela possesses extraordinary natural assets and expressed belief that this development could set a new standard for thoughtfully executed, premium boutique hospitality in the Caribbean region.
A representative of the seller described the project as a compelling opportunity to elevate an already exceptional location into a globally competitive luxury destination. The representative expressed pleasure in formalizing collaboration with Travaleo and anticipation for exploring how Travaleo's experience in branded hospitality and capital markets could help realize the full potential of this unique Caribbean asset.
Beyond the Isla de Coche project, Travaleo is actively evaluating additional premium locations and iconic properties across Venezuela, including select opportunities in Caracas, that could ultimately be hosted on the Travaleo platform as the company builds a curated portfolio throughout the country. The parties anticipate providing further updates as discussions progress and definitive agreements are negotiated. Additional information about Travaleo is available at https://www.travaleo.com/, while information about Genesis Holdings can be found at https://www.regen.digital/.
