- NoMo SoHo is the first hotel in the US to offer bookings via NFT.
- 300 NFTs are available for the summer travel season.
- The hotel aims to creating something that has not yet been seen in the hospitality industry.
NoMo SoHo is now the first hotel in United States to offer NFT reservations. The property has combined curated NFTS with stays in a few of the guest rooms along with additional benefits. As of now, 300 NFTs have been released, which start at .41 ETH or $836 at the time of launch.
Robb Report featured the exciting update in its blog.
Sharon Raz, CEO of Sapir Corp, which owns the NoMo, said:
The market has started to filter between the offers which are maybe very virtual and those that are actually providing them with something. This is very innovative and new. I think this is something that, if you think about it, should have been done already.
Booking through the NFT is just like using a promo code and simplifies the experience for the buyer. Based on the NFT purchased and using a special code, guests can reserve three-to-six-night stays. While booking through an NFT, guests will have access to perks like complimentary breakfast, late check-out, a welcome amenity and more.
Sharon Raz also said:
I think the crypto people, the crypto community, will now look at NoMo differently, or as a better option, when considering options in New York. We’re creating something that has not yet been seen in the hospitality industry, which I think should be huge once people realize the benefits.
NFTs can disrupt the way business is done and Raz wants Sapir to be at the forefront of that innovation in the real estate and hospitality industries. Earlier, the company sold a $22.5 million oceanfront condo using cryptocurrency; thus, making the building the first development in Miami to facilitate such a transaction.
Now, Sapir expects people to establish similar connection with hotels. Based on how the NoMo’s first NFT drop pans out, more packages could come up be in the coming time, with expanded offerings or opportunities.