Genesis Holdings Inc. Announces MOU for Luxury Boutique Hotel Development in Venezuela
Genesis Holdings Inc. (OTC: GNIS), through its subsidiary Travaleo, LLC, has announced the execution of a Memorandum of Understanding (MOU) with the owners and developer of the Hotel Tulasi Mandir project on Isla de Coche, Estado Nueva Esparta, Venezuela. The agreement, disclosed on 24 February 2026, outlines a partnership framework aimed at developing a 28‑villa luxury boutique hotel that will serve as a flagship project for Travaleo in Venezuela.
Key Terms of the MOU
| Item | Detail |
|---|---|
| Parties | Travaleo, LLC (a wholly‑owned subsidiary of Genesis Holdings Inc.) and the owners/developer of Hotel Tulasi Mandir |
| Location | Isla de Coche, Estado Nueva Esparta, Venezuela |
| Project Scope | Construction of a world‑class, branded luxury boutique destination in the Caribbean |
| Potential Collaboration | • Strategic development planning • Capital advisory support • Introduction of an internationally recognized hospitality brand (subject to definitive agreements) |
| Exploratory Period | 90 days of good‑faith collaboration to assess development feasibility |
| Strategic Objective | Position Travaleo as a premier entry point for international and U.S. investors seeking institutional‑grade branded luxury real estate in Venezuela |
Implications for Genesis Holdings Inc.
- Geographic Expansion – The MOU marks Travaleo’s first major development initiative in Venezuela, expanding the parent company’s real‑estate footprint into the Caribbean market.
- Brand Positioning – By partnering with a potential internationally recognized hospitality brand, the project could enhance Genesis Holdings Inc.’s brand profile in the luxury real‑estate sector.
- Investment Opportunity – The agreement opens pathways for U.S. and international investors to access high‑quality, branded hotel developments in Venezuela, potentially generating new revenue streams for the company.
Company Profile
| Attribute | Value |
|---|---|
| Primary Exchange | OTC Bulletin Board |
| Currency | USD |
| Latest Closing Price (22 Feb 2026) | $0.01935 |
| 52‑Week High (15 May 2025) | $0.20 |
| 52‑Week Low (25 Jan 2026) | $0.0056 |
| Market Capitalisation | $36,764 |
| Industry | Real‑estate investment and development (sub‑segment of hospitality) |
The announcement was issued by Travaleo, a branded real‑estate investment and development platform that operates under Genesis Holdings Inc. The company stated that the MOU is a preliminary step toward definitive agreements and that the parties will collaborate closely during the 90‑day exploratory period.
No immediate financial impact or share price movement was disclosed in the announcement. Further details, including potential financing arrangements or brand partnerships, are expected to be released as the development progresses.
