VIRTU Resort & Residences Ltd. Marks Investment Milestone
VIRTU RESORT & RESIDENCES LTD. MARKS INVESTMENT MILESTONE WITH HOLDING COMPANY CAPITAL RAISE FOR FRIENDS AND FAMILY
Vancouver, BC, May 6, 2024 – VIRTU Resort & Residences, a new independent and privately held sustainable luxury real estate and wellness hospitality company, has opened a limited window for friends and family accredited investors. The pre-seed capital raise under way through May 30 will move the company closer to launching projects that will help redefine luxury hospitality through lifestyle medicine, sustainability and cultural expression working with Indigenous partners and local communities in its global locations.
The women-led Canadian enterprise is also attracting interest from impact investors interested in its long-term sustainability approach and commitment to a wider positive impact on society. This represents the next step in VIRTU’s unique professional journey.
With a global team of award-winning experts including Alberto Apostoli (Founder of Studio Apostoli, a 2023 and 2024 award winner for sustainable spa architecture), VIRTU aims to transform luxury wellness real estate and hospitality through new standards of sustainable innovation and cultural engagement.
Inaugural projects planned for Portugal, Norway, Fiji and Canada showcase unique locations, steward environmental regeneration and celebrate cultural distinction through culinary and therapeutic arts programming. Further, VIRTU emphasizes meaningful work with local communities including Indigenous communities to highlight their values, traditions and aspirations for a positive future.
“This friends and family capital raise presents an opportunity for others to join our mission to focus global real estate and hospitality on a sustainable future,” says partner and Chief Financial Officer Suzara Viray. “Our commitment to people, planet, place and prosperity comes to life through the support of our established executive team, strategic partners in energy and culture and the widening circles of vested stakeholders who see our vision being realized. Signed letters of intent to build and operate in some of the most remarkable places on the planet will be announced soon along with key strategic partnerships in energy and hospitality.”
"We take our commitment to responsible growth seriously," said VIRTU Founder and CEO Sandi Lesueur. "Working first with friends and family to kickstart our plans and activate our pipeline is an exciting strategic step in our ambitious efforts to re-fashion recreational real estate by safeguarding natural resources, including culture. Next, we are meeting with impact investors who we hope will add additional momentum to our carefully crafted plans.”
“We meticulously select locations that resonate with our vision, ensuring that each development not only enhances the surrounding environment but also enriches the lives of those in local communities. Our commitment to sustainable development drives us to seek out unique regions where we can create meaningful legacy."
For more information about VIRTU, visit virturesorts.com or email invest@virturesorts.com.
About VIRTU Resort & Residences, Ltd.
Redefining luxury hospitality with lifestyle-medicine, cultural experience and local and Indigenous partnerships, VIRTU Resort & Residences is a design-forward enterprise with a mission to “inspire your spirit.” Devoted to creating responsible recreational real estate communities and wellness hospitality experiences and sustainability standards, VIRTU is based in Vancouver, British Columbia, Canada. Its approach fosters regeneration like no other: fiscal to cultural, personal to planetary. VIRTU honours the Indigenous Peoples as the traditional custodians of the land on which we operate, committing to respect their heritage, values and ongoing contributions to communities globally.
DISCLAIMER
This news release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ENDS##
VIRTU Resort & Residences Ltd.
1055 W. Hastings Street, Suite 300
Vancouver, British Columbia, Canada V6E 2E9
+ 1 844 41 VIRTU
virturesorts.com
#inspireyourspirit
Investor and media contacts:
Sandi Lesueur
Founder & CEO
sandi.lesueur@virturesorts.com
Suzara Viray
Chief Financial Officer
+1 604 329 9553
suzara.viray@virturesorts.com
Heather Kirk
EVP Partnerships and Communication
+ 1 416 500 1752
heather.kirk@virturesorts.com
NOTE: This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated business plans and timing of future activities of the Company, are forward looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.