Play Business, a Mexican FinTech specialized in investments, announced that through its platform, investments can be made in the projects of the hi: hab company, dedicated to the adaptation of real estate to develop coliving communities in Mexico.

According to the platform, the minimum goal of this investment round is 5 million pesos and the maximum is 10.6 million pesos.

The capital obtained will be used to condition two floors of the tower that hi: hab operates in Guadalajara; in total, 10 million would be used to rehabilitate 80 rooms.

A gross return on investment is expected between 20.52% and 29.80%, with a minimum of 18% and a maximum of 35%. Those interested may invest from 5,000 pesos.

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Joan Segura, CEO of Play Business, indicated that for the returns considered within the investment round, all the company's income, both current and future, is being taken into account.

Likewise, Play Business investors will participate in all developments that Hi: hab has, current and future.

"Each project is profitable on its own, which means that even without growth of the company as such, each one continues to operate and generate profits."

For his part, Cuauhtémoc Pérez Medina, general director of hi: hab, explained that the reconversion model implies looking for underused properties that are remodeled to build rooms and common areas with which coliving spaces are created.

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“The company rents the bedrooms to tenants and operates the communities. That is, on the one hand we serve tenants, from their search to the management of a unique user experience, and throughout their stay, which is expected from 3 to 5 years.

On the other hand, they support large commercial owners with empty spaces to transform them and can lease them under a more profitable model per square meter.

In the same way, he indicated that hi: hab offers the opportunity to live in an area of the city that has generally been out of reach due to a cost issue, however, this option is very convenient due to its proximity to its work center and places of interest.

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