RELEASE: Arsenal and LABS Group announce new partnership

(Information sent by the signatory company).

RELEASE: Arsenal and LABS Group announce new partnership

(Information sent by the signatory company)

SINGAPORE, Dec. 6, 2022 /PRNewswire/ -- Arsenal and LABS Group today announce a new partnership making LABS Group our official hotel and resort partner in Asia and Europe.

LABS Group will focus on the hospitality sector, enabling hotels and resorts to create and customize timeshare programs through its new digital marketplace, Staynex, which will launch early next year.

Rooms at a network of resorts and hotels around the world will be available at reduced rates for a set period of time, over several years, through the new system. Clients will be able to purchase a residence pass for the associated hotels, in the form of a NFT (Non-Fungible Token), which will give them access to the accommodation during the specified period of time at a reduced price.

Bernard Lau, CEO of LABS Group, said:

"Associating with Arsenal is not only an honour, but also a dream come true to be associated with such a successful and storied football club. This will accelerate our vision of combining the hospitality industry with global brands, in a way that has not been possible before. It's been done before."

Juliet Slot, commercial director of Arsenal said:

"We are delighted to welcome LABS Group to the Arsenal family as they prepare to launch this new product in the new year. Our reach around the world is going to be an important part of growing this new business."

Disclaimer: LABS Hotel Membership NFTs ("Residence Passes") are a form of crypto-asset. Please note that (a) the value of crypto assets is variable and can go down as well as up; (b) crypto assets are not regulated in the UK; and (c) capital gains tax may be payable on any profit made from the sale of crypto assets.

About LABS Group

LABS Group makes real estate accessible to all by using Web3 to transact digital assets, bridging the industry with blockchain technology, and partnering with different resorts and properties around the world.

To learn more about LABS Group and Staynex, visit labsgroup.io.

Disclaimer: LABS Hotel Membership NFTs ("Residence Passes") are a form of crypto-asset. Please note that (a) the value of crypto assets is variable and can go down as well as up; (b) crypto assets are not regulated in the UK; and (c) capital gains tax may be payable on any profit made from the sale of crypto assets.

Contact for mediosLABS Group Marketing Teammarketing@labsgroup.io

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