US heiress and socialite Paris Hilton’s father Rick, the chairman of Hilton & Hyland, is selling a fabulous $38 million Rome mansion through a fiat/cryptocurrency auction. The 16th century building comes complete with 11 bedrooms and 15 bathrooms.
The lucky buyer will get the opportunity to live in the mansion that has three kitchens and also a movie theater, a spa, and a gym. The mansion is also connected to the Palazzo Grande and is jointly called the Palazzo Albertoni Spinola. The owners of the mansion went to Hilton & Hyland for help to find a buyer who would like to live in the mansion.
Hilton connected with international real-estate crypto platform Propy to organize the event. The auction is expected to hold on June 28, with registration ongoing till June 27. People are given the opportunity to bid in US dollars or cryptocurrency after having an account on Propy.
Hilton said,
“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,”
In recent years there has been a marked increase in the number of luxury property owners who have indicated that they would be happy accepting cryptocurrency payments in real estate transactions.
For almost a century, the name Hilton has been synonymous with affordable luxury hotels. Founded by Conrad Hilton in 1919, by 2017 there were more than 570 Hilton Hotels around the world, located in 85 countries across six continents.
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