Accor Group, homeowners of Movenpick Accommodations and Residences, have confirmed GSPartners shouldn’t be approved to promote their Dubai property.
As shared by “Grit Grind Gold” on Fb, a response from an Accor Group Improvement Director based mostly in Dubai states:
The sale course of has not but begun and Gold Normal Financial institution doesn’t have the precise to promote the property below the Movenpick model.
Gold Normal Financial institution is among the many shell corporations related to GSPartners.
Collectively, they’re all owned and operated by GSPartners founder Josip Heit.
At a advertising and marketing occasion held in Dubai in direction of the top of July, Heit represented GSPartners associates would have the ability to put money into residences.
The residences had been owned by Movenpick Accommodations and Residences. Associates had been to put money into XLT tokens, with every representing a unit of floor-space within the Movenpick residences.
The ruse was GSPartners would lease out the residences, producing income for XLT token holders.
Pushed Properties, a Dubai based mostly “property brokerage, funding and consultancy firm”, was represented because the companion between GSPartners and Movenpick.
What the fallout might be after Accor Group has confirmed GSPartners has no partnership with them is unclear.
Accor Group’s assertion reads as if the Movenpick residences aren’t but on the market. This raises the query what GSPartners’ is then soliciting funding for by its XLT tokens.
GSPartners had initially supposed to launch JONE tokens. This plan equally fell aside after the developer of J One Towers in Dubai denied any affiliation with GSPartners or Heit.
On the time of publication GSPartners advertising and marketing materials referencing Movenpick is nonetheless accessible.
Observe nonetheless there is no such thing as a point out of Movenpick on GSPartners’ web site or official Fb web page.
BehindMLM individually reached out to Accor Group for affirmation of the Movenpick deal.
We acquired affirmation Accor Group acquired our e mail on July fifth however haven’t heard something again.
Replace tenth July 2021 – Accor Group has responded to our e mail.
They state that the developer tied to Movenpick Accommodations and Residences in Dubai has been despatched a stop and desist.