Hotelier Richard Hilton Places $38 Million Mansion in a Crypto Auction

Jun 19, 2018 at 21:59

Renowned hotel businessman Richard Hilton, who serves as chairman of Hilton & Hyland and father of American socialite Paris Hilton is selling his $38 million Palazzetto mansion in Rome through a cryptocurrency auction.

The property has 11 bedrooms, 15 bathrooms, three kitchens, along with a movie theatre, a spa and a gym.

Hilton partnered with international real-estate crypto platform Propy to host the event that will take place on the 28th of June with a required registration open until the 27th. People are allowed to bid in US dollars or cryptocurrency after creating an account on Propy.

“The auction shows real estate’s growing trust in blockchain and provides crypto investors an opportunity to diversify and solidify their portfolio with a trophy asset,” the mogul expressed.

It can be recalled that real estate has recently been more open to accepting cryptocurrency payments. Last February, Aston Plaza & Residences in Dubai, sold 50 apartments to Bitcoin owners. Last year, a crypto advocate placed his £80,000 property up for sale for Bitcoin.

The auction for the Rome mansion is not the first blockchain project backed by Hilton as he also became a senior advisor for blockchain-based data driven platform AQUA Intelligence last May.