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Back in September when we first heard that Rodrigo Nino of New York real-estate company, Prodigy Network was planning to crowdfund a hotel, we knew very little of what to expect beyond its description on the company's website as "an innovative micro-living glass tower, one block away from the World Trade Center."
Late last week Curbed tipped us off to some new renderings that bring the project out of the extended-stay hotel category mehs and into the fancy design hotel category yays.
When we think of "crowdfunding" we usually associate it with throwing in a few bucks to support our friends' short films or art projects. Lucky, then, that we're not friends with Rodrigo Niño, CEO of New York real-estate company, Prodigy Network, because he's looking to raise $31 million in equity for his company's hotel project: $100,000 at a time.
Prodigy Network actually have a successful track record at this novel approach to hotel development: they previously raised $171 million in $20,000 increments for a mixed-use skyscraper development that is currently under way in Bogotá, Colombia.