August 4, 2020 — Las Vegas
More Coin today announced that it is adding tokenized hotel services to its member benefits. The company has been developing private clubs for hospitality properties and tokenized time shares using MORE Coin. Members will be able to use MORE to purchase or use these services.
The global pandemic has led to increased interest in private clubs and the membership business model. More Management LLC has been exploring the expansion of its business to include additional aspects of the hospitality industry including hotels. Members have previously been able to book hotel rooms through the More concierge service using various cryptocurrencies. Members are given a preferred rate when using More Coin for those services.
The company has also created MORE Health which consists of a team of physicians with Covid experience. MORE expects to integrate these services for both members and venues.
“We are looking forward to bringing MORE in additional locations. Private clubs, private floors, and tokenized fractional ownership is a logical evolution of our business model,” added Peter Klamka President of More Management, LLC.
The company is targeting properties in Los Angeles, Las Vegas, and Miami. The added benefits are anticipated to include hotel services, ownership of specific blocks of time at various resorts, and the option to create liquidity from generally illiquid assets.
MORE was formed in 2017. Members have access to nightlife establishments, private dinners, celebrity evenings, exotic car rentals, a cryptocurrency concierge service, and private aviation services.