According to BlockBeats, on July 6, Bitfinex Securities said that it would refund investors in its Hilton Hotel project at El Salvador International Airport because it failed to attract the minimum $500,000 in funds needed to continue operations.
The project, the first public offering of digital debt assets in El Salvador, raised just $342,000 from investors by the first deadline, just 5% of the $6.25 million it hoped to raise.
The funds are intended to finance the construction of a Hampton by Hilton hotel that will be 4,500 square feet, spread over five floors and feature 80 rooms, a restaurant, workspaces, pool, gym and gardens.