RHUE Resorts/Evan Schiller
If you find yourself wanting to join the crypto craze this holiday season, readers of this particular site may be interested in purchasing an NFT golf membership.
Aspen Lakes, a longtime family owned public golf course near the town of Sisters in Central Oregon near the popular resort town of Bend, was recently sold Ryu Spa Resorts and new owners will debut with a unique business model.
They plan to turn the course into the flagship of a private chain of luxury resorts, and the cost of membership will be NFTs.
Before we get into the crypto aspect, if you’re not familiar with Rhue Resorts, it’s a new brand founded by the Wyant family from Oregon, which according to Rhue Resorts CEO Cindy Wyant has a 40-year history of real estate development from hotels to residential complexes. . indoor water parks and more.
But when the family purchased Aspen Lakes earlier this year, intending to move to Central Oregon at the same time, they also wanted to cater to those with huge crypto holdings.
Wyant calls it the world’s first NFT golf resort.
“It’s huge. There are a lot of people who are counting on a lot of cryptocurrency and they don’t have many options. You can buy or sell your cryptocurrency and that’s it,” Wyant said.
“I started seeing opportunities with real estate,” Wyant said. “That’s why we chose this way to give people in this space an opportunity.”
Right now, Rhue Resorts consists of only a 7,300-yard par 72 golf course and a restaurant in Aspen Lakes, but there are big plans for expansion. A cigar lounge, wine tasting, mini-golf and concert venue are scheduled to open this spring. By summer and fall, expected amenities include a day spa and luxury camping.
By 2024, the resort plans to start building a luxury hotel, condominiums and other long-term and short-term residences. They were allowed to build 3,000 houses.
The company even has plans to expand with other facilities. Wyant said they are considering building new resorts in Naples, Florida, Arizona and Montana.
And all founding members will have lifetime access to these amenities.
“You can rent out your membership for additional income, you can resell your membership, and the more amenities and features we add, the more resorts we open, the more value it will have,” Wyant said. “You can also pass it on to your loved ones. It never goes away. It’s not just a lifetime membership. It’s forever”.
The resort is starting to sell the first “Essential Memberships,” which include all the amenities planned for Aspen Lakes and future properties, but will be limited to just 10,000 memberships worldwide. This holiday season, they are offering a significant discount of half the cost of Ethereum (the cryptocurrency that Rhue uses for transactions) equivalent to $10,000.
And if you’re not interested in buying NFTs on your own or don’t have crypto, Wyant said the resort will take the cash equivalent and deposit it into a crypto account for you.
Crypto showed wild instability, especially recently with bankruptcy of the FTX exchange, but Wyant was pleased with Ethereum’s predictions and believes crypto is in for better days. (Editor’s Note: Our interview was conducted before the FTX bankruptcy.)
“If you look at the history of cryptography, which you don’t have to look far for, it’s nine years old, everything falls apart in the fall,” Wyant said. “That’s why we launch in November during the holidays. It is a gift that continues to give forever.
“It’s getting more and more popular and people should take advantage of this opportunity.”